Two thoughts here for me.

P&O paid a dividend to shareholders in April 2020 of 270 million … and then basically locked out 800 workers because the business is unviable.

That is despicable!


But there is no pleasant way to offload 800 staff. Is there? Does it matter how ‘nicely’ it’s done?

The U.K. is losing hundreds of great businesses to overseas investors or liquidation due to greedy banking policy. Woolworths being a perfect example - liquidated but managed to pay its entire debt off from a forced liquidation sale.

P&O was offloaded because financing became a problem … a foreign company purchased !

Only U.K. banks benefitted. The system is rotten.

All the banks are interested in is generating fees and shareholder returns