Weighing up the role boards must play as Morrisons, Meggitt and more make the headlines
Responsible business is all the rage in the City but you wouldn’t necessarily know it: a healthcare company that makes inhalers to treat lung diseases is being sold to big tobacco and Bradford awaits its fate as the homegrown chain Morrisons is circled by US private equity.
To some non-City observers the decisions look wrongheaded and, amid a wave of other takeovers including the sale of the defence contractors Ultra Electronics and Meggitt, suggest that while boards and shareholders talk about their good environmental, social and governance principles, money still talks.
