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World Business Report: First broadcast 2018/03/29 22:32 GMT: GKN Loses Takeover Battle

Bulletins

GKN Bid Battle Concludes

First broadcast 2018/03/29 22:32 GMT

First broadcast 2018/03/29 22:32 GMT: GKN Loses Takeover Battle

GKN Loses Takeover Battle

BBC World Service - World Business Report, GKN Loses Takeover Battle

Shareholders in the British engineering giant approve an $11bn takeover from Melrose.

British engineering firm GKN loses its independence after shareholders approve a hostile $11bn takeover from investment firm Melrose. 

The protracted takeover battle has prompted concern from some UK politicians, while unions have warned GKN could be broken up and sold to the highest bidder. Paul Everitt, chief executive of aerospace and defence industry group ADS, explains why he thinks the deal is a bad one.

Also in the programme, Barclays pays $2bn to settle claims it committed fraud in the run-up to the financial crisis, and with Brexit exactly a year away the BBC's business editor Simon Jack gives his take on what's still left to do before Britain leaves the European Union. 

As the world's youngest Nobel Peace Prize winner, Malala Yousafzai, returns to Pakistan for the first time since being shot by Taliban militants, we ask whether opportunities for girls and women in the country have improved. 

Plus, Greece's former finance minister Yannis Varoufakis tells us why he's launched a new political party, and we hear why gin has become the upmarket drink of choice for many around the world. 

(Picture: GKN sign. Credit: David Davies, PA)

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First broadcast 2018/03/29 22:32 GMT: GKN Loses Takeover Battle

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