M&A confidence is returning among senior executives.
More than half (57%) of 800 business execs questioned by
Ernst & Young say they
were likely or highly likely to acquire other companies in the next 12 months.
Just 33% said the same six months ago.
Three quarters of respondents are focused on growth of their business,
compared to 56% six months ago.
Pip McCrostie, global vice-chair, transaction advisory services, at Ernst
& Young, says: “With greater liquidity, we are seeing companies more willing
to make acquisitions they have previously deferred.
In terms of industry sectors, 61% of respondents expect the downturn to end
in their industries within 12 months, compared to just 49% six months ago.
But challenges remain, with 58% expecting to refinance loans or other debts
within the next four years. More than a third (35%) still need to restructure
their core business.
“Driving operational fitness and working capital management remains
absolutely critical,” added McCrostie.
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.