Oral question asked in the House of Commons, by Tony Wright (Labour). It was answered on Tuesday, 15 December 2009 on behalf of the Treasury.
High Frequency Share Trading
- Question
- May I ask my hon. Friend about speculative share trading in Cadbury? The City Minister, Lord Myners, said recently that he thought that it had become far too easy for British companies to be taken over. Does my hon. Friend agree, and if so, what can be done in Cadbury's case?
- Answer
-
I do not think that it would be appropriate to comment on individual cases. The UK has a long-established regime of open markets and a stock market, and all publicly listed companies are for sale; that is the nature of listing. I am confident that Cadbury is a well-run company. It is putting up a strong defence, and it will be up to shareholders to decide how they want to vote and support it.
Secondary information
- Type
- Oral question
- Reference
- 502 c782
- Session
- 2009-10
- Oral question type
- Supplementary
- Chamber / Committee
- House of Commons chamber
- Subjects
- Stock market
- Link
- View this Oral question on www.publications.parliament.uk
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- 2023-12-01 15:15:05 +0000
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