Dealmakers, who have enjoyed an unprecedented deal boom over the past three
years, are facing an uncertain future as the funding for deals dries up
following the credit crunch that hit markets.
Thomson Financial figures show that by the end of July, European M&A had
reached $1.2bn (£604m), more than the whole of 2006, but with the US sub-prime
crisis hitting global equity markets, corporate financiers have become very
‘The irrational behaviour in the credit markets is being driven by
uncertainty,’ Tom Cooper, head of European M &A at UBS, told the
FT. ‘The underlying causes are not very clear and it is impossible to
assess the full consequences at this stage.’
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.