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Will Hutton: British companies ITV and EasyJet acquired by U.S. firms

Will Hutton: British companies ITV and EasyJet acquired by U.S. firms
ITV and EasyJet acquired by U.S. groups

Will Hutton expresses concern over the sale of prominent British companies to U.S. entities. According to Hutton, ITV has been acquired by the U.S. media group Comcast, while EasyJet has been sold to the U.S. private credit company, Castlelake.

Hutton criticizes what he describes as a lack of concern within Britain, attributing this to prevailing political debates and a disregard for the economic implications of foreign ownership. He argues that these deals further diminish Britain's economic sovereignty.

Hutton has previously suggested alternative strategies for protecting national interests in British firms. In an earlier analysis, he discussed how golden shares can create public corporations at a lower cost than nationalisation. He linked the use of golden shares to potential economic growth.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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