UK companies face takeover bids due to weakened pound post-Brexit, making them attractive to US buyers.
UK companies face takeover bids due to the weakened British pound against the US dollar, following the Brexit's negative impact on the UK economy. UK-listed companies appear cheap to US buyers, with UK's average price-earnings ratio lower than the S&P 500 on Wall Street. Foreign investors target specific UK companies for individual reasons, such as Anglo American, Darktrace, and Royal Mail parent IDS.
May 29, 2024
6 Articles