KPMG: UK recovery stunted by lack of overseas M&A

Analysis of merger or buyout deals by the firm has shown international acquisitions by UK companies now make up 1.8% of total deal volumes, down from 3.1% in 2007. At the same time, Indian and Chinese companies have increased their activities and are quickly catching up with the UK in terms of deal volumes. Furthermore, these two emerging economies are showing an appetite for the acquisition of British companies. John Kelly, head of transaction services at KPMG, says: "As a country, we seem happy to sell up our own assets but UK company acquisitions overseas fall flat. "Make no ...