Burberry Tops Survey of European M&A Targets That UK Dominates

British companies including Burberry Group Plc dominate the ranks of European listed firms tipped as potential takeover targets, with discounted UK equity valuations making them increasingly enticing to buyers.

London stocks account for about 60% of companies mentioned in an informal survey of 44 risk-arbitrage desks, traders and analysts conducted by Bloomberg News in July. The trenchcoat maker was the most popular, picked seven times.

UK stocks have been favored deal targets over the past year in part because they trade at a discount to peers, with ensuing delistings shrinking the local stock market. London’s benchmark FTSE 100 Index ...