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Halliburton have hired investment bank Goldman Sachs to run a $9 billion floatation of its subsidiary Kellogg Brown & Root. Ahead of the floatation, KBR has asked JP Morgan to see if a buyer can be found for its 51% shareholding in Devonport Dockyard. There is a fear that if BAE acquire Babcock's Rosyth and Faslane operations, plus VT's Portsmouth Dockyard, a lot of Devonport's current business will be lost.
As an example of the ignorance of the media, today's Telegraph illustrates this story with a photo of the BAE built LPD, HMS Bulwark entering Devonport. The caption reads "Devonport built battleship HMS Bulwark sails into Plymouth harbour."
Fred (Read)
As an example of the ignorance of the media, today's Telegraph illustrates this story with a photo of the BAE built LPD, HMS Bulwark entering Devonport. The caption reads "Devonport built battleship HMS Bulwark sails into Plymouth harbour."
Fred (Read)