The ONS pointed out that the Bank of England’s business conditions report found that firms’ investment intentions have now picked up modestly but remained weak, and ‘fewer contacts said that they were cancelling or postponing investment and more said they were reinstating investment to increase efficiency and capacity.’

Its figures come four days after market data giant Refinitiv, which the London Stock Exchange Group bought in February, revealed the global volume of mergers and acquisitions hit a record high for the third month in a row.
May witnessed $532.9billion worth of deals, which it largely put down to growing investor interest in industries that have performed well during the pandemic, falling interest rates and rising equities.

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