HC Deb 01 August 1984 vol 65 c299W
Mr. Shore

asked the Secretary of State for Trade and Industry what arrangements he has made when privatising publicly-owned shares in Ferranti to ensure that it remains in majority British control.

Mr. Tebbit

None.

Mr. Shore

asked the Secretary of State for Trade and Industry what was the profit of Ferranti in the year immediately preceding privatisation.

Mr. Tebbit

In the year to 31 March 1980, Ferranti made a trading profit of £15.1 million.