Easing macroeconomic conditions, such as falling inflation and central banks commencing their rate-cutting cycles, has created fertile ground for M&A within the listed space.
Quoted UK companies have been approached by potential buyers across sectors, with the most recent examples including the £5.4bn take-private deal of Hargreaves Lansdown and the plethora of offers received by Rightmove from Australia's REA Group, as well as deals involving Virgin Money and Mattioli Woods. The resurgence of takeover activity within the public space can be seen as a positive sign in the attractiveness of the UK market and its participants. However, Scott McKenzie, fund manager of the Amati UK Listed Smaller Companies fund, warned the phenomenon could be a "double-edged s...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
