UK companies face new wave of takeovers, warns Numis
The boss of British broker Numis has warned that UK companies face a further wave of takeovers from overseas rivals and private equity groups exploiting “the double benefit of weakened sterling and lowly valued equity markets”.
The UK-listed corporate adviser said its revenue this year would be about 33 per cent lower than last year given the steep fall in equity issuance by companies since the start of the war in Ukraine.
Initial public offerings in the UK market have dried up after investment sentiment plunged following a series of economic shocks.
This story originally appeared on: Financial Times - Author:Daniel Thomas
