메뉴 건너뛰기

XEDITION

Board

Sterling Plunge Leaves FTSE 100 Giants Exposed To US Predators

Alphonse85D18590 2022.10.09 22:02 조회 수 : 1

The plunging value of the pound has put a slew of UK companies at risk of being sold off to American predators. 

Blue chip firms including gambling group Entain, packaging company DS Smith and telecoms behemoths BT and Vodafone are all now vulnerable to foreign corporate raiders, according to experts at broker Canaccord Genuity. 

Big-name brands in the FTSE250 including betting business Playtech, cybersecurity outfit Darktrace, Greggs, MoneySuperMarket and data analytics firm Ascential are also in the line of fire. 

Vulnerable: These leading British telecoms brands could be targets 

Market turmoil has sent the value of many London Stock Exchange-quoted firms plunging.

And the drop in the value of the pound following the mini-Budget has made UK firms look like bargain buys for overseas opportunists. 

However, enthusiasm for cutprice assets may be dampened by the rise in interest rates, which will make it more expensive for private equity firms to finance deals. 

Until recently, there was a spate of private equity bids for big names including supermarket groups Asda and Morrisons and defence firm Ultra Electronics. 

Listed overseas companies including Schneider Electric of France - which has made an offer for software firm Aveva - have also been on the hunt in the UK. 

Graham Simpson from Canaccord said that as the UK stares down 'the barrel of a recession', bidders will be looking for firms with strong cash flows, high profit margins and low debt that could 'weather the inflation and interest rates storm'.

He added: 'Private equity may struggle to raise finance. This is why we believe we will also see a potential wave of corporate mergers and acquisitions. UK valuations were very attractive even before the dramatic fall in sterling.' 

Entain, which owns Ladbrokes, was cited as a target by several analysts and brokers.

Its shares have fallen by a third this year. 

One City source said: 'Entain is definitely a target and MGM - with which Entain runs a joint venture - still has its eye on the company. It's definitely more vulnerable now that it's cheaper.' 

Another said: 'Entain is likely to be a target because it's gaming which is relatively recession-proof.' 

The source added that Darktrace - for which US private equity firm Thoma Bravo recently backed away from a bid - was still a likely candidate.

Vodafone could be attractive to a US buyer, the source added. 'Darktrace has been battered since it went public, so it would make sense, and Vodafone could happen at some point. Though Vodafone is very big and very political - it would be a US buyer coming in, if anybody did.' 

sale-tag-online-shopping.jpg?width=746&f

Analysts said takeovers of telecoms firms such as BT and Slot Online Vodafone, though tempting, would be complex. 

'We see companies operating in food and health and beauty as takeover targets,' said another source.

'You are likely to see big players such as Coca-Cola, Pepsi and McDonald's looking to pick up UK targets on the cheap.'

번호 제목 글쓴이 날짜 조회 수
53332 Anybody Can Give Or Obtain A Excellent Therapeutic Massage ValentinGregg04524 2023.05.08 1
53331 Kavbet Dominga06E45365550 2023.05.08 1
53330 Dog Stung RedaToliver23355608 2023.05.08 1
53329 Just How You Can (Do) Steel Pipe Lowering Tools In 24 Humans Resources Or Much Much Less Without Spending A Cent SabrinaHoyle578 2023.05.08 1
53328 Defeat Back Again Anxiety And Stress Via Massage EtsukoMcBurney33440 2023.05.08 1
53327 The Basics Of Online Casino Slot Games HuldaMark6598617 2023.05.08 1
53326 Could You Really Like A Therapeutic Massage? Attempt The Following Tips CLHEarle6035816 2023.05.08 1
53325 Vital Pieces Of Finance AkilahMcDonagh228386 2023.05.08 1
53324 Masuk Serta Main Judi Poker Online Dapat Dipercaya FelipeBidwill757 2023.05.08 1
53323 Basic Food Rules For Optimal Health JessikaMcClemens1229 2023.05.08 1
53322 Enhancing Education - Knowing Who To Take Responsibility When Learning Doesn't Occur Teri39432716779 2023.05.08 1
53321 Can Psychics Help Won By You The Sweepstakes? LeoTripp375137203977 2023.05.08 1
53320 Make Money Gambling Online For Fun PeteBalderas9663 2023.05.08 1
53319 Rumus Menang Judi Poker Online Amat Tepat DeeSherriff6001379318 2023.05.08 1
53318 Do It The Right Way - The Right Way To Win The Lotto SkyeHardesty832 2023.05.08 1
53317 Insider Secrets - The Best Way To Win The Lottery RosalynSowden3489 2023.05.08 1
53316 Your Complete Guide To House Hacking - Physician On FIRE GenieI86461930062 2023.05.08 1
53315 The Final Word Guide To 먹튀 검증 KingMonckton9038965 2023.05.07 1
53314 Hello I've Got Some Information About Korean 먹튀사이트 And Want To Share! CecilaJ48358260307140 2023.05.07 1
53313 Coinbar DennisBignold33 2023.05.07 1
위로