Only 864 deals have been agreed in the first quarter, representing a combined value of $34bn (£18.7bn). It is a 30% fall compared to the same period last year, when 905 deals worth $48bn were announced, according to research from Thomson Financial.
Also down was the value of UK companies acquired in the first quarter, falling 22% to $22.1m.
In contrast activity in the mergers and acquisition sector in the US has been growing fast. The value of North American companies acquired, quadrupling to $284.7bn in the first quarter of 2004, compared with the same period last year.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.