AP Photo/Frank Augstein

M&A activity for British companies could be in for a major surge, based on what happened after the country's last two general elections. From Thomson Reuters:

More M&A deals involving a UK target were announced immediately after the last two UK general elections than immediately before. In 2015, 4% more deals were announced during the 90 day period after the election than in the 90 days before, and in 2010 there was an 8% increase.

There also has been a major post-election uptick in "outbound" M&A deals, whereby UK-based firms buy companies outside of the country. The figure for 2015 was 47% (again, 90 days before vs. 90 days post) and for 2010 was 25%. Overall in 2017, announced M&A with any UK involvement is now at $163.5 billion, which is more than double the same year-to-date period in 2016.

Go deeper

Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).

U.S. Chamber of Commerce warns of racial inequality for small businesses

Illustration: Aïda Amer/Axios

Attitudes and beliefs about racial inequality are changing quickly as protests and media attention have helped highlight the gaps in opportunity between white- and minority-owned businesses in the United States.

Driving the news: A new survey from the U.S. Chamber of Commerce and MetLife provided early to Axios shows a 17-point increase in the number of small business owners who say minority-owned small businesses face more challenges than non-minority-owned ones.

BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.