Deals slow for UK firms abroad
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE NUMBER of deals being done by British firms overseas has fallen sharply as choppy financial markets around the globe have prompted a steep decline in takeover activity worldwide.
The value of cross-border deals struck by British businesses in the third quarter was down to $16.6bn from $19.69bn in the previous quarter according to a survey by KPMG, the consultancy group, despite the strength of sterling. By contrast, American firms have stepped up takeover activity abroad, particularly in Germany which has now overtaken Britain as the most favoured destination for US corporate purchases aboard. Globally the value of cross- border deals is down from $160.45bn to $137.82.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments