The Guardian view on hostile takeovers: creating value for bankers | Editorial

Britain’s industrial base has been whittled away because the country has been in ideological hock to the City – whose bankers, lawyers and accountants rake in huge fees in takeover battlesIn 2016 Theresa May launched her campaign to become Conservative party leader and Britain’s prime minister with a speech that promised to do “something radical” about corporate takeovers. She warned that “transient shareholders … are not the only people with an interes