Deal activity remains patchy despite rebound predictions
With the exception of a few very large deals early this year, such as Prudential's ambitious but ill-fated bid to purchase the Asian assets of AIG and Novartis' $28bn (£17.4bn) acquisition of a majority stake inAlcon, the deal market this year has offered precious support for those banking on a revival taking hold. Not only was there a slight dip (4.1%) in announced global deals from the second half of 2009, corporate activity was particularly hit in the UK during the first half of 2010, with the domestic market seeing a 28%fall in deal volume against the first six months of 2009.
Wider economy keeps deal market down as UK deal volume falls 28% in H1 2010
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