Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

UK firms defying uncertainty, says EY

Nov 14
Tags: Ernst & Young LLP
Share this story:
UK firms defying uncertainty, says EY

According to EY's 17th Global Capital Confidence Barometer, 60 per cent of companies in the UK are planning to acquire assets in the next 12 months.

This is nine per cent higher than the figure recorded in April 2017 and four per cent up on the global figure.

UK acquirers are primarily looking to the US, while France, Germany and India were also identified as popular outbound destinations.

The surge of activity comes despite ongoing economic uncertainties and geopolitical risks, which 47 per cent of UK respondents said they are concerned about.

This might partly explain why 50 per cent of UK firms are reviewing their portfolios continuously or every three months - compared with 42 per cent of firms across the globe overall.

Steve Ivermee, transaction advisory services managing partner at EY, commented: "UK companies are facing an unprecedented breadth of challenge and change. 

"Given these risks, the confidence shown by UK companies implies a strong belief in their ability to respond."

Mr Ivermee noted that even amid a "maelstrom of change", the UK is currently third on the global M&A destination list, just behind the US and China and ahead of Germany and Australia.

This, he said, is a measure of the attractiveness of the country's open economy and its "eye-catching IP-rich assets".

As a result, he believes the M&A market will continue to remain very active, particularly domestically, as companies are aiming to both innovate and protect themselves against rising costs.

Mr Ivermee went on to suggest that British businesses could be using M&A as a lower-risk alternative to research and development, adding that many are favouring technology investments acting as a "gateway to their digital future".

According to the EY report, 27 per cent of UK businesses consider "acquiring innovation" as the biggest strategic acquisition driver at the moment.

Search for the latest management consultancy jobs and consulting recruitment opportunities or contact us on+44(0)207 089 9017.

Image: Rawpixel Ltd via iStock

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

£35k-£37k plus bonus, benefi...
London and South East
Development Consultant - Major International Educational Charity, UK - London and South East£35k-£37k plus exceptional pension and benefits, good karma!Our client is a growing international third
£38k-£36k plus excellent pen...
Central London and South East
Strategic Development Consultant - London and South East£38k-£46k plus excellent pension, benefitsOur client is a growing international charity focussing on the Education Sector
£46k plus pension, benefits
Central London and South East
Senior Business Development Consultant - International Education Charity - London and South East, some international travel£46k+ plus bonus, benefitsOur client is an international education charity
£60,000 package, dependent on exp...
Founded in 2000, our client is an independent management consultancy operating predominantly in operations and supply chain within the Manufacturing, Logistics and Retail sectors
£60k-£80k plus bonus, benefi...
Central London
Our client is one of Europe’s leading providers of independent research derived from the analysis of satellite imagery, delivering these differentiated insights as investment research to the finance