Outbound M&A activity has declined both pre- and post-Brexit as British companies have lost purchasing power. Domestic M&A activity has also declined, due to a combination of uncertainty and increased import costs. Inbound M&A activity has taken an upswing since the Brexit vote hammered the value of the Pound. British companies are essentially “going cheap” on the international market. As for companies the size of Tesco et al, their offshore holding corporations have the money and power to move extremely rapidly, should they choose to swallow a smaller competitor. There has also been a surge in offshore private equity houses snapping up businesses, again, their resources allow them to move shockingly fast in a volatile market.
Stand by for May-hem signing up to TTIP and allowing US healthcare withholders (I’m sorry, that just slipped out, of course I meant healthcare providers) to hoover up as much of the NHS as they can… since without the European Court judges to stand in the way any more, May-hem can happily sign the UK up to ISDS and allow corporations to run riot with our laws, standards and corporate governance via unelected, unaccountable corporate lawyers, in almost total secrecy.
Lube up, everyone, we’re soon to find out what it’s really like to be run by big business and their political string puppets.
slowlane:
due to a combination of uncertainty and increased import costs…
input prices were up by 15.8% in December for the year, yeah all is rosy in the UK.
wheelnutt:
slowlane:
due to a combination of uncertainty and increased import costs…
input prices were up by 15.8% in December for the year, yeah all is rosy in the UK.
Well “we” voted for it!
Sent from my X17 using Tapatalk
Olog Hai:
Honestscott76:
May I politely suggest you keep looking.
You’re trying to tell us that it is happening, Scott. You post up some more of your dubious ‘FACTS’ (sic) to prove it.
Not trying to ‘tell’ anything. I have an opinion and merely asking others their opinions, isn’t it the fundamental point of forums, to exchange opinion?
wheelnutt:
Honestscott76:
Has anyone else noticed the increase in company buyouts since the EU referendum? It’s my opinion that EU companies are selling out before the Euro crashes. I’m interested in fellow drivers opinions.
Last year there were 1355 domestic M&A deals, lowest in 20 years. Total acquisition deals for 2016 was 177Bn, down from 394Bn in 2015.
The only real buyers are those that can buy in dollars or earn in dollars, the UK companies became 20% cheaper since the pound crashed.
But heh, don’t let the facts get in the way of a good internet rant.
Can I suggest you add the prefix “dis” to your username. I know you may well not like it as it is Latin, you can always go with the English translation “alternative fact promotor” but that may be a bit long…
Can I suggest you add the prefix “Wing” to your username. “Wingnutt”