A high volume of activity on London’s smaller companies market, AIM, fuelled the recovery.
In the final three months of the year, there were 67 IPOs – a massive increase of 103% on the previous quarter when there were only 33.
However, the total offering value was down from £1.88bn to £1.78bn. Three of the largest four IPOs were in London with two overseas companies -Vedanta Resources, an Indian mining company and Bermudan insurance firm Alea Group – coming to the main market.
At the same time, Centerparcs went to AIM.
Tom Troubridge, head of PwC’s London Capital Markets Group, said the IPO market was ‘open for the right kind of business’ during 2004.
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.