Ministers must be prepared to block a takeover of Meggitt if any bidder tries to buy it without giving binding commitments on investment and jobs, the FTSE 250 aerospace and defence manufacturer’s chairman warned this weekend. Sir Nigel Rudd said that while “clearly, price is important”, any new owner would need to give Meggitt and the government undertakings, including to keep the company’s headquarters in Coventry and maintain R&D spending. - Sunday Times.
The Sunday Times's Sabah Meddings thinks Volex's shares a buy, pointing to the recovery in all of the company's end markets recover and non-organic growth opportunities to back up her case.
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