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Carl Mortished: The Stock Exchange is just a used-car auction house

Trending story found on www.standard.co.uk
Carl Mortished: The Stock Exchange is just a used-car auction house
Another week goes by, another bid is flushed out of the City rumour mill and the London stock market bubbles away. The excitement on Friday was an approach for Inmarsat, the London-based satellite operator, by Echostar, an American rival, offering to pay more than £2 billion to Inmarsat’s shareholders to gain control of the company and its communications network.
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