M&A activity continues decline
New figures from the Office for National Statistics (ONS) show that in Q3 2014 the total number of domestic and cross-border mergers and acquisitions involving UK companies remained at the low levels experienced since the onset of the financial crisis.
There were just 30 domestic acquisitions (UK companies acquiring other UK companies) – the lowest number since the ONS first began publishing quarterly data in 1969.
In addition, there were 19 completed inward acquisitions made by investors from abroad, compared with 23 recorded in Q2 2014. This is the lowest number of inward acquisitions reported since Q1 1988 (16).
The number of outward acquisitions (those made abroad by UK companies) fell to 18 during Q3 2014, down from 21 in the previous quarter.