The UK’s financial services industry has recorded the largest half-year increase in the number of mergers and acquisitions in the last decade, leading a broader recovery in M&A activity expected across Europe in the second half of 2024.
UK banks, insurers and asset managers publicly disclosed 175 deals between January 1 and June 30, a 10 per cent year-on-year increase and the largest such increase over the past decade, according to EY’s latest financial services M&A analysis, with total deal values reaching £6.9bn in the first half of 2024, up from £5bn in the first half of 2023.
While the number of UK bank deals decreased from…
