Merger and acquisition activity fell to its lowest level in 40 years as a result of the recession and a shortage of credit, official figures revealed yesterday.
The Office for National Statistics (ONS) said that expenditure on acquisitions in the UK by British companies dropped from £8.2bn in the first quarter of this year to £0.7bn between April and June – the lowest quarterly value recorded since 1992.
Read more: http://www.independent.co.uk/news/business/news/credit-crunch-leaves-ma-activity-at-a-40year-low-1780293.html
Sean O'Grady - The Independent
www.ukba.co.uk
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