The value of foreign acquisitions by British companies in the second quarter of 2011 fell by more than half from the first quarter total, from £20.7 billion to £10.2 billion.
The figures issued from the Office for National Statistics (ONS) indicated that the value of purchases made in the UK by foreign businesses rose by 57 per cent to £8.5 billion in the same period, indicating that British businesses continue to be highly sought after.
The statistics also showed that British companies have focused their recent acquisition activities within the UK, with domestic acquisitions rising to £2.2 billion in the second quarter of 2011 - up 69 per cent compared with the first quarter of the year, as companies sought out targets closer to home, to make the most of local value.
The head of mergers and acquisitions (M&A) at Ernst & Young, Rhys Philip, said that the findings indicated that the second quarter had brought some "general confidence", with the general settling of macro-economic conditions. He said, however, that figures for the third quarter are going to be anyone's guess, as the deepening Greek crisis and down-grading of the US's credit rating had "thrown everything in the air".
This vibrant and rapidly growing online business specialises in British craft beer gift hampers, tapping into both D2C and B2B marketplaces, making it an ideal investment for those looking to capitalise on the thriving gift industry. With a streamlin...
This niche business offers a rare opportunity to acquire a leading specialist in front garden design, restoration, and creation for period properties across South East England, with a strong reputation for high-quality finishes and heritage-sensitive...
Explore an opportunity to acquire a thriving multi-channel e-commerce brand with a considerable track record of success, specialising in fashion and gadgets.
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.