Mergers and acquisitions can send stock prices soaring higher and acquisitions are more likely when prices are low; mergers too are more likely when times are tough. The FTSE 100 dropped from a high of over 7,000 to below 6,000 and so many companies have been looking at M & A. (more…)
I’ve used a summer picture to begin today’s post; we need something to cheer us up. In the Guardian this week was news that councils in London are planning to move thousands of ‘poor’ people out of London, because they won’t be able afford the rents when housing benefit is cut. Are we surprised? People are caught between the Labour councils with their empire building and the rich Tory tax dodgers who want to have London, just for the rich.