A great British bargain: How much more M&A activity can the UK expect?

Four months on from the EU referendum and the market has, thus far, taken the result very much in its stride.

Of course, we do not, and will not, know for some considerable time the full implications of the decision to leave. At present, sterling is trading at $1.22 against the dollar, a 30-year low, and has dropped to €1.12 versus the euro as well. Given the seismic shifts we have seen in the FX market to date, those companies who source their products from overseas will experience significant impact to their profitability. The large multinationals, however, which export most of their goods will be the winners.  Nevertheless, longer-term UK plc could be the big loser as foreign predators cir...