As far as merger headlines go, the Major UK peer group has had a bellyful over the past 12 months.
Even in a year where the LB100 has seen consolidation across the board, the UK’s leading national firms still stand out as the most acquisitive. It’s a trend driven by necessity.
On the face of it, the merger between insurance players Beachcroft and Davies Arnold Cooper (DAC) was probably the most high-profile union but although DAC Beachcroft saw turnover rise by a hefty 22% to £163.2m in 2011/12, its growth still didn’t top the group.
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