What’s it about French tycoons and British telephone firms? Whereas Patrick Drahi lays siege to BT, one other “French insurgent”, Xavier Niel, has begun storming the ramparts of Vodafone, stated Jamie Nimmo in The Sunday Instances. Niel has constructed a 2.5% stake value £750m within the UK cell phone large through his Atlas Investissement automobile.

The founding father of the Iliad telecoms empire is one thing of a celeb entrepreneur in France, his profile raised by his long-term relationship with the heiress to the LVMH fortune, Delphine Arnault. Niel’s actual plan for Vodafone is anybody’s guess. He has left the market, and the corporate’s high brass, guessing.

“Brexit was imagined to awaken a latent buccaneering spirit,” stated Tom Braithwaite within the Monetary Instances. “And so it has. For the French.” The Iliad/Vodafone tilt is only one of “a flurry of cross-Channel offers” struck on a single day final week, involving tech, satellite tv for pc and recycling firms. Is that this some sort of “dastardly” French plot? Bankers level as an alternative to the relative decline in valuations and forex. Put together for a rash of American firms to affix the French “on the UK’s cut price bin”.

“Even earlier than sterling obtained this low, international company and buyout bidders had been profiting from relative greenback energy to pounce on London-listed firms,” stated Chris Hughes on Bloomberg. Due to Liz Truss and Kwasi Kwarteng, this “UK is low cost” narrative has “gotten one other leg”.

Analysts at Canaccord Genuity just lately drew up a listing of 100 firms it considers to be targets – together with ITV, Subsequent, Greggs, BAE Methods, Flutter and The Week’s writer, Future, stated Ben Marlow in The Day by day Telegraph. Probably the most “susceptible” are the “low cost and money wealthy”. The “all-time low pound” has turned a few of our greatest firms into “sitting geese”.