More British names transferring overseas. Chloride look certain to be taken over by rival Emerson, a US company. While Tate & Lyle are selling their sugar and syrup business to rival Domino, a US company.
Names are never lost, they can lie dormant and re-appear. The history and pedigree goes. Perhaps that gets diluted anyway as shares are often owned all over the world.
The most ominous thing that is lost is that control moves overseas, investment and closure decisions are made overseas. The top jobs move overseas. These are worse features than losing the pedigree.