UK market re-rating has not slowed down the pace of takeovers
There's a quiet re-rating going on in the UK stock market which suggests investors are slowly waking up to the bounty of value opportunities. The non-stop takeover action was the biggest clue as to prizes up for grabs, given bids are still coming thick and fast. Trade buyers and private equity companies have been taking advantage of cheap valuations for multiple years, and now retail and...