Deals
Bankers Bored as Threat of Brexit Kills Off U.K. Dealmaking
- Deal activity expected to resume in the summer after vote
- Even Chinese buyers are avoiding targets in the U.K.
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As Europe holds its breath over whether or not the U.K. will stay in the union, companies are holding on to their cash.
Coming off of an eight-year record for mergers and acquisitions, the U.K. just had its worst quarter for deals since 2010, according to data compiled by Bloomberg. First-quarter M&A spending on and by companies in the country is down 39 percent from a year ago.