Bloombergβ€’5h agoSource

The Great British Takeover Tops $60 Billion After Mitie Deal

The News

The UK stock market is experiencing a loss of over $2 billion per week due to takeovers of London-listed companies, with Mitie Group Plc being the latest acquisition. This contributes to a total of $60 billion in takeovers, dubbed the 'Great British Takeover'. The trend indicates a significant outflow of UK assets to foreign buyers, raising concerns about the health of the London stock market.

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The Analysis

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Why it matters

Loss of more than $2 billion per week from takeovers

Evidence

Mitie Group Plc is the latest name to be snapped up.

Uncertainty

2 claims still need verification.

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Key findings

0 assessedΒ·2 unverifiable
◐ Unconfirmed
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The UK stock market is losing the equivalent of more than $2 billion a week to takeovers of London-listed companies.

Bloomberg
Economicscore: 65
  • Loss of more than $2 billion per week from takeovers
  • Mitie Group Plc is the most recent company acquired

Plain English

The UK stock market is losing the equivalent of more than $2 billion a week to takeovers of London-listed companies, with Mitie Group Plc the latest name to be snapped up.

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What's next

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Claims

2 claims checked
0 assessed|0 inaccurate|2 unverifiable
◐ Unconfirmed
●

The UK stock market is losing the equivalent of more than $2 billion a week to takeovers of London-listed companies.

Bloomberg
◐ Unconfirmed
●

Mitie Group Plc is the latest name to be snapped up.

Bloomberg
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