Lord Young answers critics
Tuesday 03 October 1995
The Cable & Wireless chairman, Lord Young, said the company had "no plans to demerge anything". He added: "I see value coming through [for shareholders] in a steady increase in earnings." His comments followed recent criticism from analysts that the company is failing to provide shareholder value and should be broken up or demerged. Lord Young also said the company was looking to build on its US interests but declined to give details.
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