ABBEY’S MARKET EXIT LONG OVERDUE

Charlie Gallagher

THE INEVITABLE takeout of Charlie Gallagher’s Abbey plc house-building group by the Gallagher family is, like Anne Heraty’s CPL (bought out by the Japanese Outsourcing Inc), another example of a family-dominated business exiting the stock exchange. There are a number of similar characteristics associated with the two entities, including a strong liquidity preference that has… Read more »