UK stays favourite place to invest in Europe



Global dealmakers are not paying attention despite Brexit challenges. The UK is still attracts many investers and the country remains the most favoutite place in Europe to invest, according to a survey by Ernst & Young.

Business executives from around the world ranked Britain third behind the United States and China as the top investment destination, ahead of Germany and France, the New York-based consultancy said in its Global Capital Confidence Barometer report.

“The UK is home to the most important assets sought by dealmakers — technology, talent and intellectual property — so it always has been and always will be a major player”,  said Steve Krouskos, EY’s global vice chair of transaction advisory services.

While the UK briefly fell to fifth place in the same survey a year ago because the uncertainty that followed Brexit, it snapped back in part because currency changes  made targets cheaper.

M&A activity worldwide will only get busier in the coming year, according to the consultancy, which surveyed almost 3,000 executives across 43 countries. Fifty-six per cent of respondents said they are planning a deal within the next 12 months and more than half expect the greatest competition in M&As will come from private-equity firms.

“Brexit creates some uncertainty, but fulfilling strategic growth needs rather than nationalism will drive deal sentiment”, Mr Krouskos said.



Tags: brexit Global dealmakers intellectual property investment in UK talent technology

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