Jen Hughes

So they've suffered from that sort of backdrop and their valuations have come down.

At the same time, US mid-caps, for example, have been doing much better.

So their share prices have been rising, which makes the UK look an attractive market if there's a sort of a confident US mid-cap out there that wants to come fishing.

I like to take it as a good sign for the market.

I mean, there will be people who worry about overseas companies and investors picking off the choice bits.

But I think an alternative way of looking at it is that London is an international capital market still.

There's a lot of good companies here.

If this sort of buying interest becomes more widespread and valuations rise generally, it won't be quite so cheap, but it will be a signal that it's still a good, vibrant market.

And hopefully other companies will come and join them here.

Thank you.