FT News Briefing Dealmaking down, UK business warns on Brexit trade talks, Wirecard’s real business
Jul 1, 2020
The podcast reveals a significant decline in global mergers and acquisitions, with financial uncertainty forcing companies to focus on stability. UK business leaders express serious concerns over stalled Brexit trade talks, warning of economic ramifications. Meanwhile, the Wirecard scandal unveils shocking truths about the company's reliance on just a few customers and missing funds. Additionally, there’s a discussion on the widespread advertising boycott against social media platforms, questioning their policies on hate speech and data transparency.
AI Snips
Chapters
Transcript
Episode notes
Dealmaking Slump
- Global dealmaking dropped to its lowest level since 2009 in the second quarter of 2020, totaling just $485 billion.
- This decline is due to the pandemic, which has shifted companies' focus from acquisitions to preserving existing businesses.
Private Equity's Rise
- Private equity has become a prominent dealmaker in 2020, accounting for 16% of global activity in the first half.
- With $2.5 trillion in committed funds, PE firms are actively seeking investment opportunities.
Brexit Concerns
- Over 100 UK business leaders warned Prime Minister Boris Johnson about the economic risks of a no-deal Brexit.
- They emphasized the lack of time and resources for businesses to adapt to new trade rules amid the pandemic.