Europeans double UK investment
EUROPEAN investors are taking major bets on the UK economy, more than doubling investment in Britain over the past three years.
Uncertainty surrounding Brexit has not stopped companies on the Continent from embarking on a major deal spree in the UK, indicating faith in the economy's long-term prospects among foreign money managers.
Buyers in the EU have snapped up 553 UK assets through mergers and acquisitions and private placements in the past year, according to S&P Capital IQ data.
Purchases of companies, property and stakes in fast-growing firms totalled $31.1bn (£23.5bn) over the past 12 months. That is up from $21.2bn over 497 purchases in the previous 12 months, and $13.6bn on 454 transactions in the same period of 2016-17, the year encompassing the Brexi...