This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.
There was great excitement last week when the most extensive dinosaur trackways ever found in the U.K. were discovered in an Oxfordshire quarry. The footprints, hundreds of them, were made by colossal beasts that roamed the earth 166 million years ago.
Squint hard and you can see that corporate Britain, too, still bears traces of lumbering creatures that once dominated the landscape.
Unlike in the United States, conglomerates — giant companies owning numerous businesses across different sectors — have more or less died out in Britain.
This was reinforced when last Friday Smiths Group
