UK takeover and tie-up dealmaking shrank by a third this year, hitting its lowest level since 2009, as rising interest rates and concerns over Britain’s economic outlook affected buyers’ appetites. Figures compiled by London Stock Exchange Group’s Deals Intelligence team show that the total value of mergers and acquisitions deals involving UK firms fell by 33% to just $265bn (£207bn) over 2023. That is down from $395m a year earlier, and marks a significant drop from the post-lockdown rebound that sent UK deal values to $658bn in 2021. The drop reflects double-digit declines in both domestic and cross-border deals – down 37% and 49…
