M&A activity down

UK activity fell 52%, with only £70bn of deals recorded in the first half of 2002. The level of activity is now lower than at any time since 1997. But the research showed the middle market activity had not performed as badly, showing a drop of only 44% in value.

Nearly three out of four companies listed on the Alternative Investment Market know little or nothing about the proposed EU Prospectus Directive, according to research from PKF. The directive, which seeks to create greater harmonisation and a single passport for issuers, could create additional regulation for companies listed on AIM if a ‘carve out’ for all firms with a market

Oxfordshire-based firm Critchleys has completed the sale of healthcare architects Nightingale Associates to Tribal Group plc, a public sector support services group, for £15.5m. Nightingale provided planning and design services for NHS Trusts and PFI consortia, including work for the London Clinic, the Royal Berkshire Hospital and the Kings College Hospital redevelopment.

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