Bid talks which got the market excited on Wednesday about Invensys, the maker of rail signalling and industrial automation systems, have hit the buffers already.
In response to press speculation about an approach from Emerson Electric for some of the company's assets, news of which leaked out on Wednesday, Invensys said talks with Emerson are no longer taking place.
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'Labour’s next bright idea is a wealth tax – but it won't work'Opinion A wealth tax will make Britain poorer and accelerate the exodus of the wealthy, says Matthew Lynn.
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