Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, December 12, 2014

Political uncertainty looms over Britain's lagging M&A market, (NYSE: TRI), (TSE: TRI.TO)

Britain has all the right ingredients for an M&A boom, upbeat company bosses, a vibrant economy and a buoyant stock market, but dealmaking is lagging behind the rest of the world. And for bankers hoping to rake in more fees next year, a looming parliamentary election, creating political uncertainty, could prove a further dampener for big-ticket deals.This year, a resurgent British economy gave some company boards the confidence to reject takeover offers as too cheap which meant a lot of transactions did not happen.Globally, M&A has surged to $3.2 trillion year to date, up nearly 50 percent from a year ago and the highest level since 2007, according to Thomson Reuters data.In Britain, although M&A activity is up compared to 2013, it has been flat for the last five years. Deals totalled $146 billion year-to-date, 62 percent lower than the pre-crisis boom days of 2007 when the value of M&A deals hit $388 billion.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $39.14. In the past year, the shares have traded as low as $33.21 and as high as $40.66. On average, 773034 shares of TRI exchange hands on a given day and today's volume is recorded at 0.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.35% or $0.6/share to $45.14. In the past year, the shares have traded as low as $36.86 and as high as $46.50. On average, 730546 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 751673.



Source