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UK companies 'perform better' with overseas owners

Many companies perform better with overseas ownership according to business minister Lord Grimstone, who said the UK had nothing to fear from a recent flood of private foreign takeover bids for UK-listed companies.

UK companies 'perform better' with overseas owners
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"It would be a sad day for Britain if we pulled down the shutters so that we weren't a mercantile entrepreneurial country," he said.

Read more at BBC News.

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