A very British stitch-up

A Fleet Street editor sees off Wall Street

I was on a cruise ship somewhere off the Chilean coast of Tierra del Fuego when RedBird Capital’s Gerry Cardinale finally decided enough was enough and dropped his bid for the Daily Telegraph.

Four days on, internet restored, I’ve had time to digest the implications of Cardinale’s retreat. In particular, what it says about Britain’s attitude to foreign i…