Brexit curbs UK’s appetite for investing

UK companies’ spending on takeovers of foreign businesses fell to its lowest in nearly five years during the three months to June as Brexit worries appeared to weigh on firms’ appetite to make big investments, official figures showed on Tuesday. They spent £1.92bn (R38.3bn) on acquiring foreign firms, the smallest amount since the third quarter of 2013 and down from a 17-year high of £51.77bn in the third quarter of 2017.