Another one goes…

bo_drinker

ruggedtoast wrote: »

Then if you're lucky the Americans will come over, buy your company and put you out of work.

Oh news just in, another one of my pals company has just been taken over and, guess where the job losses are all coming from.

Sigh - guess this is Britain.

http://www.efinancialnews.com/homepage/content/530901

Trouble is as someone pointed out we are easy pickings at present and like sitting ducks due to poor ££. Great for share holders who can cash in in a recession, but that doesn't take in the long term. If 5 years ago a company was snapped up then investment in something else would have been easier, not any more. Who would start a new venture now, not many. Look at the High St and trading estates, commercial space available all over. We have seen some small ventures start round here and go belly up before you know it.

ruggedtoast

Here's John Redwood rationalising it:

http://www.johnredwoodsdiary.com/2010/01/20/cadbury-a-foreign-owned-company-is-taken-over-by-new-overseas-shareholders/

Foreign ownership does not mean automatic closure. Nissan. Toyota and Honda have done much more for UK motor industry jobs than Britsh Leyland, Rover and the UK government did.

Personally I just find this stuff mildly depressing, basically he's saying; of course Britain can't run a successful motor industry, think yourselves lucky the Japanese are around to tell us what to do.

Nissan are owned by Renault for God's sake.

bo_drinker

ruggedtoast wrote: »

Here's John Redwood rationalising it:

http://www.johnredwoodsdiary.com/2010/01/20/cadbury-a-foreign-owned-company-is-taken-over-by-new-overseas-shareholders/

Personally I just find this stuff mildly depressing, basically he's saying; of course Britain can't run a successful motor industry, think yourselves lucky the Japanese are around to tell us what to do.

Nissan are owned by Renault for God's sake.

And what echos this is the scrappage scenario, yes it may have helped keep people in work for a while but we shall see what happens when it runs out. With no real British car industry as such the lions share of the money goes into Foreign pockets.
It's as if the workers need to be doffing caps and eternally grateful, but a few will be up the road when the funds dry up. But hey at least it wasn't on the run up to christmas.... "Think yourselves lucky"

zygurat789

Quote:
Foreign ownership does not mean automatic closure. Nissan. Toyota and Honda have done much more for UK motor industry jobs than Britsh Leyland, Rover and the UK government did.

These companies did not buy up Britsh companies and asset strip them.
They came here because of cash, our employment laws and a market gap where we had failed
This is good, when an existing firm is bought and relocate back to wherever it is bad

ruggedtoast

I believe the Chinese still have 6 Rover employees working over here.

zygurat789

ruggedtoast wrote: »

I believe the Chinese still have 6 Rover employees working over here.

and half a billion over there

bo_drinker

As of today Cadbury is officially owned by Kraft. The chairman of Kraft said this will be good for the firm and the UK......But cannot say that jobs are cast iron guranteed safe. Now there's a surprise.

http://news.bbc.co.uk/1/hi/business/8492572.stm

http://news.bbc.co.uk/1/hi/business/8494662.stm

Thrugelmir

CLAPTON wrote: »

I don't know whether or not that a fact but if it were so it was because british investors (both individuals and institutional) chose to sell originally and/ or chose not to re-buy.

What would you like to happen: maybe a govenrment department buying shares on behalf of us all because british companies are too stupid to spot a bargain?

Large shareholdings are held by institutions such as pension funds and life assurance companies, together with investment trusts and unit trusts.

As people in the UK prefer bricks and mortar. Then less money is channelled into the above. Nothing complex.

Around 10% of HSBC the 3rd largest bank in the world is actually owned directly by the Hongkong Government.

CLAPTON

Thrugelmir wrote: »

Large shareholdings are held by institutions such as pension funds and life assurance companies, together with investment trusts and unit trusts.

As people in the UK prefer bricks and mortar. Then less money is channelled into the above. Nothing complex.

Around 10% of HSBC the 3rd largest bank in the world is actually owned directly by the Hongkong Government.

and...........

Thrugelmir

CLAPTON wrote: »

and...........

thats why house prices are going to rise 10 fold. :rotfl: