British businesses spent just £9.4m on seven Chinese companies in the six
months to June 30, a new survey by
Grant Thornton has found.
This has seen the UK drop from second to 13th place since 2005 in the league
table of economies buying mainland Chinese companies, the firm found.
In 2005 UK companies spent $4.5bn on 15 companies in 2005, with RBS investing
$3.1bn for a 10% stake in
Bank of China.
Sweden, Finland and the Philippines all made a greater volume of Chinese
acquisitions than the UK in the first half of this 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.