It's an initial defeat for the new prime minister, who previously complained about the vast number of major UK companies and utilities being taken over by forei

It's an initial defeat for the new prime minister, who previously complained about the vast number of major UK companies and utilities being taken over by foreigners. As we know from experience, this usually leads to profits and UK jobs moving overseas as well.... If May is unable or unwilling to stop the ARM takeover, which seems to be the case, then many more will follow. Especially as the declining value of the post-Brexit pound (down 30% against the Yen in the past year), makes UK companies cheaper.