From pubs to theme parks, sterling's near record lows against other major c...
And in July, U.S. private equity firm Advent International agreed to pay 4 billion pounds to buy Cobham , the British defense and aerospace group known for its pioneering air-to-air refueling technology.
If Britain does indeed leave the EU without a deal, it may tarnish the country’s longer-term business activity and corporate appeal. “We think there could now be a rush for other UK-listed companies in the coming weeks - old favourites like ITV and Imperial Brands are among those to watch,” said Neil Wilson, chief market analyst at Markets.com.The pound has shed about 7.5% of its value against the U.S. dollar since the original Brexit deadline in March and plunged anew at the start of September close to levels not seen since 1985.
Office of National Statistics data shows there were 532 acquisitions of UK companies by foreign buyers in 2018 worth 62 billion pounds, 2-1/2 times the 2017 total and more than three times 2016 levels.
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