1 minute read
Soaring inflation and recession fears trigger UK dealmaking slowdown
by cityam
Charlie Conchie
MERGERS and acquisitions in the UK tumbled sharply in the first three months of the year as recessionary fears and rapid rate hikes spooked dealmakers, official figures have revealed yesterday.
The worst fears of a raid on UK firms failed to materialise as foreign firms spent £12.7bn snapping up British business between January and March, £4.1bn less than the same period last year, the Office for
National Statistics (ONS) found.
The deal figures did mark a £6.9bn uptick on the deal value between October and December, however, when the value of M&A activity dipped amid the volatility triggered by Liz Truss’s disastrous mini budget. The volume of deals done fell sharply on the same period last year, according to ONS data. There were 141 transactions in January, 100 in February and 114 in March, whereas there were more than 150 transactions in each month
