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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 201.65
Bid: 201.60
Ask: 201.70
Change: -1.80 (-0.88%)
Spread: 0.10 (0.05%)
Open: 204.85
High: 205.35
Low: 201.10
Prev. Close: 203.45
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UPDATE 1-UK misses out in end-of-year recovery for M&A deals

Mon, 07th Nov 2016 15:35

* UK domestic M&A slumps 62 pct to a 30-year low - TR data

* Recent deal surge earned advisers $475.91M fees - TR,Freeman

* Lazard top fee earner in Europe for the first time - TRdata

* UBS jumps to second place on announced deals in EMEA - TRdata

* Deutsche Bank falls to 10th from 6th place globally - TR (Adds data on global M&A fees, investment banking ranking,recent megadeals)

By Sophie Sassard

LONDON, Nov 7 (Reuters) - The value of merger andacquisition deals between UK companies has plunged 62 percent toa 30-year low since the country's vote to leave the EuropeanUnion, according to Thomson Reuters data.

Domestic deals in Britain since the June 23 referendum havetotalled just $1 billion the data shows.

Foreign purchases of British firms have also slumped 69percent, according to the figures, despite a sharply weakerpound.

That stands in contrast to a burst of dealmaking in theUnited States and the rest of Europe, which has lifted bankers'hopes for a Christmas fee bonanza after an otherwise mediocreyear for M&A globally.

AT&T's 's $85.4 billion acquisition of Time Warner, Qualcomm's $38.5 billion buy of Dutch chip maker NXP Semiconductors and GE Oil & Gas's $32 billionmerger with Baker Hughes are expected to earn bankersadvising on these deals $475.91 million in fees, data compiledby Thomson Reuters and Freeman & Co show.

Those deals, announced in the past month, have pushed globalfees earned from completed mergers and acquisitions (M&A) tostand at $21 billion so far this year, down 7 percent on thesame period in 2015.

Last year was a record year for dealmaking globally withseveral large deals involving UK-listed companies, likeAnheuser-Busch Inbev's $110.3 billion acquisition ofSABMiller and Shell's $53 billion takeover of BG Group.

Softbank's $30.7 billion acquisition of UK-basedchip designer ARM Holdings in July had sparked hopes amongbankers that the fall in sterling might lead to more deals, butfew others have materialised so far.

LAZARD JUMPS ON SABMILLER, BG DEALS

Goldman Sachs remains the biggest earner globally accordingto Thomson Reuters.

But the stand-out performer has been pure advisory firmLazard, which is the top fee-earner in Europe so farthis year. If it retains that position by the end of 2016 itwill be the first time in the 15 years that the data has beencollated that it has clinched the top spot.

Lazard advised Tyco International on its $16.5 billionmerger with Johnson Controls and also worked with ARM Holdingson the Softbank deal.

Globally, Lazard ranked fourth both in terms of fees fromcompleted deals and the number of announced deals so far thisyear, challenging large American bulge bracket banks which alsoget M&A credit for lending money to their clients.

Companies over the past few years have increasingly turnedto so-called "boutique" pure advisory firms which are seen asmore independent in their advice than universal lending banks.

Another pure-play advisory firm, Rothschild,ranked number two for European fees and number six globally, thedata showed.

Among the bulge bracket firms, UBS is set for a record yearafter advising Swiss chemical firm Syngenta on its $43 billiondeal with Chemchina. The Swiss bank ranks at number two forannounced deals so far this year in Europe, Middle East andAfrica (EMEA), just behind Goldman Sachs.

But its European rival Deutsche Bank, which is inthe middle of a strategic overhaul as it risks a multi-billionfine from U.S. regulator, has been struggling, falling fromsixth to tenth globally on announced deals so far this year, thedata showed. (Editing by Mark Potter, Greg Mahlich)

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