The UK, along with the US, Hong Kong and Singapore, is leading the charge by
foreign investors buying in to Chinese companies, with more than 250 acquired
over the last year, at a cost of $14bn (£7.4bn).
Despite lagging behind in terms of the overall number of Chinese deals, the
UK is proportionally buying the highest value assets by a wide margin having
spent $3.5bn on Chinese investments in the last year compared to the US which
has spent $5bn on almost four times the number of transactions.
However, according to research by Grant Thornton, the rate of inward M&A
activity appears to be static due to regulatory and often cultural issues.
In the 12 months to 30 June 2006, a total of 266 foreign companies (worth
$14bn) from 41 different countries bought a Chinese company, almost exactly the
same number as the previous 12 months (268) although there was a 52% increase in
deal value terms (from $9bn to $14bn).
The UK accounted for 6% of these deals with the biggest investor being the US
(23%) followed by Hong Kong (19%).
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.