Bidders lose their nerve
There is not only a dearth of takeovers at present, there is a trend to abandon bids that have already been announced. Are bidders’ eyes proving bigger than their stomachs or have predators lost their nerve?
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There is not only a dearth of takeovers at present, there is a trend to abandon bids that have already been announced. Are bidders’ eyes proving bigger than their stomachs or have predators lost their nerve?
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Every UK household has more than £3,000 invested in Royal Bank of Scotland and Lloyds (LON:LLOY) shares, admitted UKFI, the government agency looking them for us, as it spelt out ways of selling them and the problems involved. So why not just give each household its shares?
At last there is an official inquiry into how the banking crisis happened – but not into punishing those responsible or compensating those that suffered. It is something the government should consider in this year’s budget or next year’s general election.
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Coca-Cola is a mature product, if a sprightly one, but its purchase of a stake in Innocent suggests the UK smoothie business realises it is reaching maturity too.
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ITV describes its plan to merge with Channel 4 and Five as “blue sky” thinking. Well what does BSkyB think of it? Sky was blocked by the Competition Commission for a far smaller link with ITV.