Investment bankers and lawyers in London earned more than 1 billion pounds in fees from takeover deals this year. The value of mergers and acquisitions of UK-listed companies rose 175% to about 100 billion pounds. Fees topped 1.2 billion pounds, according to company filings. US buyers and private equity firms have been buying British companies at a record pace. JP Morgan has advised on the most deals. The rush has raised concerns about the future of the London stock market.
British companies have looked cheap to foreign buyers since the pound weakened. Many UK firms now trade on lower values than similar US rivals. That has made them easy targets. Fewer listed companies can weaken a stock market over time. It also means more British businesses end up owned abroad. That reduces the choices open to UK investors.
These fees come during a cost of living crisis, which angers many workers. If UK firms keep leaving the stock market, fewer big companies will be based in Britain.

Investment bankers and lawyers in London earned more than 1 billion pounds in fees from takeover deals this year. The value of mergers and acquisitions of UK-listed companies rose 175% to about 100 billion pounds. Fees topped 1.2 billion pounds, according to company filings. US buyers and private equity firms have been buying British companies at a record pace. JP Morgan has advised on the most deals. The rush has raised concerns about the future of the London stock market.

British companies have looked cheap to foreign buyers since the pound weakened. Many UK firms now trade on lower values than similar US rivals. That has made them easy targets. Fewer listed companies can weaken a stock market over time. It also means more British businesses end up owned abroad. That reduces the choices open to UK investors.

These fees come during a cost of living crisis, which angers many workers. If UK firms keep leaving the stock market, fewer big companies will be based in Britain.

📰 Source: News Source
theguardian.com ↗
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