Investors are tracking a number of undervalued U.K. companies, including household names in gambling, energy and fashion, as some of the world’s lowest equity valuations raise the prospect of a new round of takeover deals in the final months of 2021.
A survey of 15 risk-arbitrage desks, fund managers, traders and analysts across the U.K. and Europe revealed that sports-betting firm Entain Plc, Scottish energy provider SSE Plc and luxury-clothing brand Burberry Group Plc are flashing brightest on investor radars.