British fashion house Burberry Group Plc has emerged as the most cited potential takeover target in a new M&A survey, as undervalued UK companies continue to draw interest from global buyers.
According to an informal poll conducted by Bloomberg News in July—featuring 44 risk-arbitrage desks, traders, and analysts—Burberry was selected seven times, making it the top UK-listed candidate in a European M&A landscape increasingly dominated by British firms.
UK companies accounted for around 60% of all names cited in the survey, underscoring the widening gap between UK and international equity valuations.
UK M&A activity saw a notable rebound in Q2, with dealmaking momentum expected to carry into the second half of the year.
Beyond the UK, France’s Carrefour SA was the most frequently mentioned non-UK target, appearing four times in the survey. The retail giant is undergoing a portfolio overhaul, having recently exited its Italian operations in a bid to lift shareholder value.
