Diageo's shares rose nine per cent, adding more than £3.1bn to the value of the company, on reports that private equity firm 3G Capital was considering launching a takeover bid for the spirits maker.
Intangible assets account for 64 per cent of the total value of UK companies, a growth of 17 per cent since 2012. Although this positions Britain as the fourth most “intangible, IP economy” in the world, it also makes it prone to foreign takeovers.
Expect to see more hostile takeover bids now that the UK is seen as a corporate tax haven, argues George Bull.
David Pollock folds his arms and adopts a stubborn pout. “I’m not so sure about this,” he said, glancing warily at our photographer. We’re trying to convince him to smash up a pile of mobile phones as part of the Real Business cover shoot but he’s not playing ball.