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Changes anticipated in Monday’s Pre-Budget Report (PBR) include cancellation of a planned corporation tax hike and a climbdown on taxing the foreign profits of UK companies.
Changes to research and development (R&D) tax credits will benefit small and medium-sized enterprises (SMEs) to the tune of £180 million, according to business advisory firm Deloitte. The changes, which have just been approved by the EC and come into force on 1 August, broaden the definition of an SME and increase rates of relief.
A company that was expected to float on AIM on 16 November has postponed its initial public offering (IPO). Timber harvesting group Russian Timber made the decision due to a ‘difficult investment climate’, according to CEO Leo Hambro.
The UK buy-out market has hit a record high of £38.5 billion for the first nine months of 2007, already 45 per cent higher than the whole of 2006, according to data from the Centre for Management Buy-out Research (CMBOR). However, representatives of CMBOR's joint founders Barclays Private Equity and Deloitte anticipate a significant slowdown.
The number of executive directors in FTSE 350 companies has declined for the fifth year running, according to research from advisory firm Deloitte. Almost 360 roles have disappeared in the past five years, a fall of 20 per cent.
Nicolas Sarkozy swept to power in France in May promising economic reform – but what will it mean for French businesses and cross-border M&A activity?
Astbury Marsden, which recruits professionals for the banking sector in the City of London, has been bought by two of its directors for £17.5 million. NVM Private Equity is investing £5.6 million in the buy-out.
