摘要: |
Warnings of the longest recession on record could signal further market disruption that will turbocharge the motor retail sector's mergers and acquisitions (M&A) outlook. And, while negotiations between UK-based dealer groups are hampered by a disparity between sellers' lofty valuations and what buyers are willing to pay after two record years of trading, along with uncertainty about future profitability, overseas investors have found themselves in pole position to invest. The value of the pound against the US dollar slumped from $1.37 in January to $1.07 in the wake of former Chancellor Kwasi Kwarteng's ill-fated mini budget and only recovered to $1.13 at the time of AM going to press after the appointment of new Chancellor Jeremy Hunt and then Rishi Sunak as Prime Minister. |