Pilkington Glass, P&O, the telecoms firm O2, and Mowlem. All British companies unlikely to remain so for very much longer. In the past few days bids have gone in for all of them.

And more foreign predators are hovering around the BOC group, Cable & Wireless, Hanson, Centrica and Gallaher. Lots of activity, but not much discussion about its underlying significance. Whether what’s ‘right’ for shareholders might not be good for the long term prosperity and security of UK plc.

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Labels: Did you notice a mountain, volcano thing?

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