The level of deal-making among companies across the UK dropped to the lowest level in four years in June amid a slow recovery of business confidence.
The number of deals involving British businesses fell by 16.8 per cent from 463 to 385 for the three months to the end of June, according to the Office for National Statistics. Over the quarter the mergers and acquisitions market declined from 148 deals in April to 93 deals in June, the lowest monthly figure since May 2020.
The total value of transactions fell from £11.8 billion to £13.8 billion as compared with the first quarter, with the value of domestic and cross-border deals both dropping by £1 billion.
The domestic market was supported by deals such as Compass
