Although the global economic recovery remains on a sound footing at present, there is a clear divergence between the winners and losers, which is most noticeable when comparing the US and the UK. The UK economy – although it has remained resilient – is still struggling under the weight of Brexit uncertainty, whilst the US continues to motor on.
Merger and acquisition (M&A) activity in the UK rose to £157 billion in 2017, the second highest total since the onset of the global financial crisis nearly a decade ago. These deals – in which a UK company was the target – also increased in volume, as 1,543 companies were taken over, up from 1,493 according to figures released by Mergermarket. This is despite the ongoing uncertainty surrounding Brexit and its impact on the UK economic outlook.