The foreign takeover of Britain's businesses

For over a century, Britain has welcomed foreign buyers of its industries. The buyers are still coming. Should we keep the door open? James McKeigue reports.

What's happened?

London Metal Exchange (LME) shareholders are expected to approve a £1.4bn bid from the Chinese government-controlled Hong Kong Exchanges and Clearing (HKEx). The 135-year-old LME dominates global metals trading, where its prices act as the benchmark for all of the commonly traded non-ferrous metals. That makes it a useful asset for a country that consumes 42% of the world's metal.

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.