Researcher Webmergers.com said that 32 dotcoms closed in July, down from 58 in June, and that the worst was probably now over.
The report said: ‘The somewhat dramatic decline in shutdowns in July is consistent with our observation last month that internet rationalisation has reached a plateau and may have run most of its course … we have seen the worst of the internet shakeout.
‘More specifically, our data suggests that the tail-end of the business-to-consumer (B2C) shakeout is overlapping with the early to middle stages of the shakeout in such business-to-business sectors as infrastructure and professional services.
‘That overlap caused a substantial ‘bubble’ in shutdowns early this year. As the B2C casualty rate slows, we should see a gradual decline in total shutdowns.
‘However, there may be a modest seasonal effect and we believe we could see a small spike in shutdowns and other internet activity after the summer holidays.’
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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
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