BBCNEWS BBC News July 13, 2024
Good afternoon. The family behind the British Defence company, cobham, has criticised the government for approving a £4 billion take over by an american firm. A merger between the dorset based manufacturer and Us Private Equity Group advent was agreed injuly, but it was delayed over National Security concerns. Late last night, the business secretary, andrea leadsom, who announced the decision late last night, said it had been taken in conjunction with defence chiefs. Lady cobham said the announcement had been cynically timed to avoid scrutiny. Our Business Correspondent Katy Prescott reports....