As an example, chip manufacturing giant Intel invested $1.3bn in 2000, this shrank to just $350m in last year, while this year the amount is expected to be half this, according to a report in the FT.
Prior to 2000, giants like Intel, Dell, Sun Microsystems and Cisco invested heavily in IT start-ups. But the over-investment frenzy led to fall-out in the markets as IPOs deflated and many young companies folded.
As a testament to this, in the second quarter of 2002, UK business start-ups were down 11% compared to the previous year, a survey by Barclays found.
Steve Bengston, managing director of emerging company services at PricewaterhouseCoopers said: ‘Start-ups like to have large companies as strategic investors and venture capital firms like having a larger company as an investor because it provides a potential exit strategy.’
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.