The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH - Page 216

marton · #**4301** 18.07.2016, 13:05

	Quote:	Phos
	And SoftBank just went shopping, buying ARM for £24bn. http://www.reuters.com/article/us-ar...KCN0ZY03B?il=0 Don't they listen to the "experts"?

Profiting from the currency exchange rates; expect to see more.
The yen is up around 30% versus the £.

Philip Hammond, the UK chancellor, said the government would “not stand by and watch British companies be asset stripped by foreign predators” but indicated he would not oppose Softbank’s takeover of Arm, after receiving assurances about the Japanese company’s commitment to the UK economy.

Urs Max · #**4302** 18.07.2016, 13:14

	Quote:	Phos
	If the UK approaches this from the perspective of each country's self interest, instead of merely the UK's self-interests.

Too late. Brexit means Brexit, and for these talks there's only one party at the other side of the table.

Jim2007 · #**4303** 18.07.2016, 13:16

	Quote:	amogles
	So much for businesses pulling out of the UK post Brexit Spanish train maker, CAF, announces it wants to open a plant in the UK http://www.railwaygazette.com/news/b...bly-plant.html

	Quote:
	UK: Spanish rolling stock manufacturer CAF confirmed to Railway Gazette on July 14 that it is preparing to open a UK assembly plant to support the contracts it has won in recent months.

The only thing that could stop this happening is if the contracts were cancelled. Really a non story!

Jim2007 · #**4304** 18.07.2016, 13:21

	Quote:	Phos
	And SoftBank just went shopping, buying ARM for £24bn. http://www.reuters.com/article/us-ar...KCN0ZY03B?il=0 Don't they listen to the "experts"?

Of course they do, with the Sterling the way it is everything is on sale!!!

marton · #**4305** 18.07.2016, 13:49

	Quote:	Phos
	What are they, prison wardens? Having balls is not confrontational. They would have to impose on the UK and the country they are in dialog with. Great way to splinter the EU further. It would have been more fun if Theresa May assigned Farage to deal with the EU.

"They would have to impose on the UK and the country they are in dialog with. " EU countries will not have trade dialogs with UK; they are not allowed to setup individual trade agreements - any EU related trade dialog will be between EU and UK.

marton · #**4306** 18.07.2016, 13:50

	Quote:	Jim2007
	The only thing that could stop this happening is if the contracts were cancelled. Really a non story!

Sure, they do not want to face the possibility of paying tariffs on importing foreign made rolling stock

dodgyken · #**4307** 18.07.2016, 14:04

	Quote:	marton
	Profiting from the currency exchange rates; expect to see more. The yen is up around 30% versus the £.

Been there before, like in the 1st half of 2008 where it went from under 0.005 to over 0.008 in 6 months.

amogles · #**4308** 18.07.2016, 14:28

	Quote:	marton
	Sure, they do not want to face the possibility of paying tariffs on importing foreign made rolling stock

don't they typically buy an insurance against that type of thing?

#**4309** 18.07.2016, 16:02

	Quote:	Phos
	And SoftBank just went shopping, buying ARM for £24bn. http://www.reuters.com/article/us-ar...KCN0ZY03B?il=0 Don't they listen to the "experts"?

They got a very nice discount with the recent currency trends.

#**4310** 18.07.2016, 17:13

	Quote:	Urs Max
	Too late. Brexit means Brexit, and for these talks there's only one party at the other side of the table.

	Quote:	marton
	"They would have to impose on the UK and the country they are in dialog with. " EU countries will not have trade dialogs with UK; they are not allowed to setup individual trade agreements - any EU related trade dialog will be between EU and UK.

Where the real dealmaking actually take place are over rounds of golf, horseback riding, wine tasting, sailing, yachts, strip clubs, etc. All the official looking stuff take place once they've been told decided how to deal with it.

#**4311** 18.07.2016, 23:05

Sadiq Khan finally realises, or admits, what Brexit is about:
#LondonIsOpen
http://www.standard.co.uk/news/mayor...-a3298211.html

I think many Remainers might finally understand it, eventually, one hopes.

Wollishofener · #**4312** 18.07.2016, 23:26

	Quote:	fatmanfilms
	Trade negotiators are negotiators, they will work for who pays them the biggest sum

most of zhem are employees and not independents

Jim2007 · #**4313** 19.07.2016, 02:14

	Quote:	Phos
	Where the real dealmaking actually take place are over rounds of golf, horseback riding, wine tasting, sailing, yachts, strip clubs, etc. All the official looking stuff take place once they've been told decided how to deal with it.

Right because all the voters in France, Denmark and Ireland will be on the golf course etc....

Jim2007 · #**4314** 19.07.2016, 02:29

	Quote:	Phos
	Sadiq Khan finally realises, or admits, what Brexit is about: #LondonIsOpen http://www.standard.co.uk/news/mayor...-a3298211.html I think many Remainers might finally understand it, eventually, one hopes.

Well what would expect him to do? Twiddle his thumbs, while the Irish government beefs up Enterprise Ireland staff in London adding new tax advisers etc to help firms that want to move to Dublin and in addition dispatch teams to New York, Singapore etc... No doubt the Germans, French and many more are doing the same! It's open season and the one thing he can't say is what happens to passporting of financial services post exit.

fatmanfilms · #**4315** 19.07.2016, 08:43

	Quote:	Wollishofener
	most of zhem are employees and not independents

Most employees will move for 100% pay rise, thats how capitalism works.

marton · #**4316** 19.07.2016, 08:48

	Quote:	Phos
	Sadiq Khan finally realises, or admits, what Brexit is about: #LondonIsOpen http://www.standard.co.uk/news/mayor...-a3298211.html I think many Remainers might finally understand it, eventually, one hopes.

Sadiq Khan is doing his best to move forward in a difficult situation; there is no other option.

From where do you have information about his personal views?

dodgyken · #**4317** 19.07.2016, 08:57

It appears that young people have now given up on campaigning for the UK to remain part of the EU and are instead chasing Pokeman.

I call that progress

fatmanfilms · #**4318** 19.07.2016, 08:59

	Quote:	Jim2007
	The only thing that could stop this happening is if the contracts were cancelled. Really a non story!

The contracts will have severe penalties for cancelling, would be in the UK's investors interest if they were cancelled

#**4319** 19.07.2016, 09:05

	Quote:	Kreeeee
	They got a very nice discount with the recent currency trends.

SoftBank paid 43% over its previous day's closing price. That covers more than currency dip.

Its a vote of confidence for the UK's future, but some in the UK are considering the sale a sad day for UK tech.

Urs Max · #**4320** 19.07.2016, 09:32

	Quote:	Phos
	Sadiq Khan finally realises, or admits, what Brexit is about: #LondonIsOpen http://www.standard.co.uk/news/mayor...-a3298211.html I think many Remainers might finally understand it, eventually, one hopes.

I find it most ironic that you are welcoming a move that wouldn't have been necessary without Brexit to begin with.

	Quote:	Phos
	SoftBank paid 43% over its previous day's closing price. That covers more than currency dip. Its a vote of confidence for the UK's future, but some in the UK are considering the sale a sad day for UK tech.

The 43% premium is nothing but standard fare for a takeover. The takeover isn't a vote of confidence in the UK's future but in the strength of that particular company.