Foreign investors are snapping up British companies at the fastest pace in eight years as an unusual combination of stronger economic growth and a weak currency lures U.S. buyers despite political uncertainty.Investors appear relatively unconcerned about the risk of instability after a general election on May 7 or doubts about Britain's future in the European Union. Even excluding a $15 billion bid by Hutchison Whampoa for O2's UK operations, inbound mergers & acquisitions activity so far this year is at its highest since 2007, Thomson Reuters data showed.The total value of offers and completed deals in the period is $33 billion, including debt taken on by buyers. The figure rises to $48 billion when Hong Kong-based Hutchison's bid for the mobile phone operator is included.This reverses a seven-year decline and contrasts to a fall in inbound M&A activity in the euro zone and United States.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.99% or $0.4/share to $40.99. In the past year, the shares have traded as low as $33.77 and as high as $41.44. On average, 893748 shares of TRI exchange hands on a given day and today's volume is recorded at 291319.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.113% or $0.565/share to $51.32. In the past year, the shares have traded as low as $37.10 and as high as $51.97. On average, 772037 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 238715.
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