Is the new normal a low growth environment marked by high uncertainty? Investors clearly appear to think so: while markets reacted strongly the day after the Brexit referendum, they quickly regained normalcy and most of the change was reversed.
As firms awaken to the reality of a potential Brexit, they may face a double blow of lower growth and greater uncertainty. In such times, we encourage firms to use everything available in their toolkit to limit the destruction of, and potentially even create, shareholder value. Firms may need to adjust their financial policies not only to capitalize on market dislocations but also to create enduring value.
Download a copy of our latest report, Corporate finance post-Brexit.
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