What is the total value of UK M&A activity in 2026 so far, and how does it compare to previous years?

UK M&A activity reached $192 billion by this point in 2026 — more than triple the amount recorded at the same time last year, exceeding the full-year 2025 total of $194 billion only once before since LSEG records began in 1980, and representing the highest year-to-date value on record.

What proportion of UK M&A in 2026 is driven by foreign bidders, and which country leads that activity?

Foreign takeovers account for 86% of all UK M&A by value so far in 2026 — up from 74% at the same time last year and an all-time high — with U.S. bidders responsible for over half of those foreign deals, driven in part by the perception that UK-listed stocks are relatively cheaper compared to U.S. equities.

Foreign Bids Drive UK M&A to New Highs at $192 Billion in 2026

May 18, 2026

UK M&A reached $192 billion in 2026 driven by foreign bids, including major deals involving Unilever's food unit and Ingredion's acquisition of Tate & Lyle.

reuters

2026-05-18

Foreign Bids Drive UK M&A to New Highs at $192 Billion in 2026

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