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Evening Standard
Evening Standard
Business
John Andrews

Why overseas capital still views London as a takeover prospect

With the economy sliding into recession, no sign of an end to the war in Ukraine and the spiralling cost-of-living crisis, you would be forgiven for thinking that the world of business mergers and acquisitions in the United Kingdom would be grinding to a halt.

In fact, it is quite the opposite, with recent figures released by the Office for National Statistics confirming that the value of takeovers of UK companies more than doubled to £25 billion in the third quarter of 2022, compared with £12.5 billion in the third quarter of 2021 and £11.1 billion in the second quarter of this year.

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