London’s investment bankers and lawyers make more than £1bn in takeover frenzy

Bumper fees paid in the year’s mergers and acquisitions spark anger over high City pay during cost of living crisis

London’s investment bankers and lawyers have made more than £1bn from a frenzy of takeover deals this year, sparking anger over high City pay during the cost of living crisis.

The value of mergers and acquisitions of UK stock market listed companies has surged 175% in 2026 to $132.9bn (£100bn), according to the London Stock Exchange, as overseas buyers snap up British companies at record pace.