M&As nosedive since economic crisis
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 value of mergers and acquisitions (M&A) deals completed in the UK has fallen by two-thirds since the start of the financial crisis, it has emerged.
Economic turmoil has resulted in companies sitting on billions of pounds worth of cash instead of spending, accountancy Ernst & Young said yesterday.
Across the UK, the total value of deals has reached $133.6bn (£82.79bn) so far this year, the third highest in the world behind US and China, but 65 per cent lower than during the credit boom of 2007.
Jon Hughes, head of Ernst & Young's transaction advisory services practice, said: "Caution and a distinct lack of confidence underpinned M&A sentiment in 2012 and has created a bias towards risk avoidance and inertia.
"But simply sitting on cash in the hope of an upturn is a foolhardy approach."
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments