This, from the Times.
“Lord Mandelson will ask Britain’s biggest institutional investors to show ‘stewardship’ by taking a firmer line against opportunistic takeover bidders attempting to pick up listed companies on the cheap .. Mandelson waded into the battle for Cadbury last month, warning Kraft: ‘If you think that you can come here and make a fast buck you will find that you face huge opposition from the local population ... and from the British Government.’”
They come in here, buying our companies and marrying our daughters … will someone remind Mandy that it is under foreign ownership that the UK mass-production car industry has blossomed ? And can anyone point to the downside for UK citizens (or shareholders) of the successive waves of overseas investors that have overpaid, and overpaid again, for our electricity industry assets ? Oil and gas platforms in the North Sea change hands all the time - mostly to foreign companies - and no-one has ever noticed.
Then again, as the Times goes on to remind us:
“Lord Mandelson has no statutory power to block Kraft’s bid”
So, errr... that’ll be wrapping himself in the flag for election year, then.