Yorkshire is bucking the national trend when it comes to mergers and acquisitions, according to Experian.
Figures produced by the global business information specialist show the volume of mergers, acquisitions and equity capital market transactions in the UK in the first half of 2013 fell by 17 per cent compared with the same period in 2012.
Meanwhile, the total value fell by 45 per cent.
In Yorkshire, the number of deals fell by only three per cent and the total value rose by eight per cent – higher than anywhere else in the UK, apart from the north west, where the value nearly doubled.
Experian says that the financial services and telecoms sectors flourished despite the fall across the UK.
The volume of transaction in Europe declined by 21 per cent, deals were down by 29 per cent in Asia and by 12 per cent in the US.
Experian’s Wendy Driver said: “UK businesses still seem to be maintaining a watchful, wait-and-see, attitude towards mergers and acquisitions so far this year.
“We would anticipate an increase in companies looking to grow by acquisition. Some sectors are further along the road to recovery than others and the strong activity we are witnessing in the telecoms and financial services sectors is encouraging.”