Because Sterling has lost around 25% of its value against the dollar in the last 2 ½ years, and the feeble recovery in the UK economy, British companies have become far more accessible to American corporations looking to expand their interests on this side of the Atlantic.
Following the Kraft takeover of Cadbury, Tate and Lyle’s buy over, and Gatwick Airport’
s purchase by an American private equity firm, Standard & Poor, who did for the Euro when it looked likely that it would take over from the dollar as the gold standard currency, predicted last week that a number of well-known UK companies, including AstraZeneca, BAE Systems and Balfour Beatty, would soon be purchased by American firms.
It seems that Standard and Poor only have to predict something and it happens, such is the sensitivity of the markets. I think it’s time we examined just how much power these firms have, and exactly how they use that power and for whom... or what.
Following the Kraft takeover of Cadbury, Tate and Lyle’s buy over, and Gatwick Airport’
s purchase by an American private equity firm, Standard & Poor, who did for the Euro when it looked likely that it would take over from the dollar as the gold standard currency, predicted last week that a number of well-known UK companies, including AstraZeneca, BAE Systems and Balfour Beatty, would soon be purchased by American firms.It seems that Standard and Poor only have to predict something and it happens, such is the sensitivity of the markets. I think it’s time we examined just how much power these firms have, and exactly how they use that power and for whom... or what.
