Someone's cleaning up - but it's not our Nige
(Observer (UK) Via Acquire Media NewsEdge) Whatever next? A sizable brouhaha about the potential sale of a British business to a foreign rival and Sir Nigel Rudd has a watertight alibi.
US telecoms group AT&T is supposedly sizing up mobile group Vodafone, but the City grandee - dubbed one of the "Men Who Sold Britain" by his enemies after he flogged Pilkington and Boots - works for neither party.
Still, the whole debate about offloading top UK companies overseas is likely to keep running this week as the Voda story rumbles on and one of the companies Rudd chairs effectively says adieu to the City.
Invensys - the engineering group formed by the merger of BTR and Siebe, with a British heritage stretching back to the early 20th century - is being bought by Schneider Electric of France, so results this week probably represent its final London appearance.
Cue the criticism, although Rudd has a valid-sounding defence about inheriting a giant pension fund with a struggling engineering firm attached, and that the deal safeguards pensioners' future. So, irritating as it will be to his many detractors, Rudd could be innocent. Twice.
(c) 2013 Guardian Newspapers Limited.
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