Written by Daniel Latto in Latest News

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February 9, 2024

Here's a summary of the UK Business News for the week commencing Monday, 5th February 2023:

  • UK M&A Activity Declines: Merger and acquisition activity in the UK fell by almost a fifth in 2023 compared to the previous year. Despite this decrease, there's cautious optimism as economic conditions begin to stabilise. The Technology, Media, and Telecommunications (TMT) sector was the most active, while Energy, Utilities, and Resources saw the highest deal values.

  • Shift Towards Private Equity: The proportion of deals involving private equity reached a record 42% in 2023, indicating a significant shift in the investment landscape. This suggests increased confidence in the private equity sector despite the overall decline in deal volumes.

  • Good Business Week Advocacy: During Good Business Week, Northamptonshire's NNBN advocated for ethical business practices, highlighting the importance of responsible conduct. The initiative, supported by the Good Business Charter, focused on themes such as fair pay, prompt payment, and overall wellbeing.

  • Economic and Sectoral Insights: Despite a 17% decline in total UK deals and a 41% decrease in total deal value compared to the previous year, the market showed signs of resilience. Sectors like healthcare and energy transition, driven by societal megatrends and advancements in AI, are expected to fuel future dealmaking activity.

  • Optimism for 2024: Experts express a positive outlook for 2024, anticipating a recovery in M&A activity. This optimism is underpinned by stabilising economic conditions, falling inflation, and strategic investments in high-growth sectors such as healthcare and technology.

These highlights from the week commencing 5th February 2023 reflect the dynamic nature of the UK business landscape, showcasing challenges in the M&A sector alongside a growing emphasis on ethical business practices.

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