Emerging opportunity missed
UK FDs are missing out on opportunities to take advantage of buoyant economic growth in China and India, according to the latest Office for National Statistics deal numbers
UK FDs are missing out on opportunities to take advantage of buoyant economic growth in China and India, according to the latest Office for National Statistics deal numbers
The ONS research showed that foreign buyers of UK businesses spent £18bn
during the second quarter of 2006, six times the amount UK companies spent on
acquisitions abroad during the same period.
David Brooks, head of mergers and acquisitions at Grant Thornton, said the
lack of deal activity abroad by UK corporates meant they were missing out on
building a presence in growing markets.
‘UK companies are investing cautiously in the emerging markets of China and
India. RBS and Vodafone had have made moves into China but there haven’t been
many others,’ Brooks said.
‘When growth appears to be topping out in the UK and the US, you would expect
companies to push into areas that are showing consistent GDP growth.’
The likelihood of this trend changing within the next year, however, is slim
according to Brooks, as these markets are difficult to break into.
‘The Americans made the push into China much earlier than Europe. They have
spent a large amount of time building relationships and it is only now that they
have reaped the benefits of that preparation,’ he said. ‘UK companies will move
into China and India, but it is going to be slow. The regulatory and cultural
differences make it a difficult market to crack.’
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article