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May 17, 1988


By CBR Staff Writer

That’s the meat of the Standard commentary, but best placed to act is of course GEC’s Lord Weinstock himself, who, after all, was the one who first persuaded the government to reduce the capital gains tax disincentives to demerger – but he doesn’t need to break up his creation to bring some life back to the share price anyway, for a simple flotation of a minority stake in some of the more attractive businesses in the group a’ la Racal’s plans for Vodafone would give the languishing share price its best buck-you-uppo for a decade – and make those mythic European joint ventures and collaborations ahead of 1992 much easier to engineer.

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