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Main Market definition

What does Main Market mean? In UK capital markets practice, the Main Market is the london stock exchange’s primary venue for trading listed securities. It is a regulated market under FSMA and UK MiFIR, but “Main Market” is an LSE market name rather than a statutory definition. The market includes: securities admitted to the Official List under the UK Listing Rules (including the single equity shares category that replaced the former Premium and Standard segments), the Specialist Fund Segment, the Shanghai–London Stock Connect Segment, and the High Growth Segment (now closed to new admissions). Issuers seeking admission to trading must comply with the...

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UK public takeovers H1 2021: deal trends, P2P and overseas bidders, shareholder activism and legal developments under the Takeover Code, National Security and Investment Act 2021 and CMA merger control

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Public M&A deals H1 2021—UK—Market Standards Trend Report [Archived]

ARCHIVED: This material was issued in 2021 and is no longer updated or maintained.

The Market Standards trend report delivers a detailed and in-depth examination of 22 firm offers, 24 possible offers, and two formal sale processes and/or strategic reviews all of which were announced by Main Market and AIM companies governed by the Takeover Code (Code) in H1 2021.

It offers perspective on public M&A trends and what we and our contributors anticipate for H2 2021 and thereafter and beyond.

What does the Market Standards trend report cover?

Topics addressed in the report include:

  • outlook for H2 2021
  • deal values and volumes
  • transaction structures
  • hostile, rival and mandatory bids
  • P2P deals
  • UK and overseas bidder Activity
  • sector focus
  • post-offer statements of intention (POI statements) and coronavirus (COVID-19)
  • shareholder Engagement in takeovers
  • legal and regulatory developments

The report assesses notable deals, such as the £3.5bn bid for Signature Aviation from a consortium of Blackstone, Global Infrastructure Partners and Bill Gates’s Cascade Investments, and examines shareholder engagement in the Morrisons, St Modwen Properties and William Hill takeovers.

What are the highlights from the report?

After a particularly strong Q4 2020 period, takeover...

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Web page updated on 22/05/2026

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