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26 July 2016

Investor appetite still positive – Asset & Wealth Management Q2 M&A update

By Andrew Claymore Despite a backdrop of economic and political uncertainty, the UK Asset and Wealth Management sector has seen positive levels of mergers and acquisitions (M&A) activity and retains its cautiously optimistic outlook. UK deal flow as a whole in Q2 2016 saw a significant reduction in activity in...

22 July 2016

AIM’s coming of age

By Lucy Tarleton Blog snapshot: AIM has been supporting growing companies for 21 years.  AIM's ability to evolve has been a key factor in its success.  AIM helps ambitious entrepreneurial companies access capital for growth and expansion during uncertain times. A belated Happy 21st Birthday to AIM. Since 1995, AIM...

UK EU referendum update – European loan portfolio sales

By Richard Thompson Blog snapshot: Loan portfolio transactions set to pick up in September and October. The bid-ask gap returns. Bank restructuring remains key. I have been asked many times over the last few weeks by both the buyers and sellers of loan portfolios across Europe the likely implications of...

20 July 2016

Brexit and the UK Food Sector

By Neil Coomber and Thomas Sengbusch The vote for Brexit has created significant uncertainty in the UK food and agriculture sector. The EU accounted for c.70% of UK food and non-alcoholic drinks imports and exports in 2015, although in value terms exports to the EU (£8.9bn in 2015) are far...

EU Referendum: a new dawn for trade

By Stuart Randell By Ian Morgan The news of the UK’s vote to leave the EU caused volatility in the financial system immediately after the results of the vote were announced. The political and economic implications impacted markets, and led to the UK losing its AAA credit rating. Moody’s, S&P...

18 July 2016

Decluttering your business; what stops you and should it?

By Karen Dukes The UK corporate register grew in 2015 to over 3.64m, a net increase in the year of 245k entities. Despite record levels of unwanted, dormant or insolvent companies being removed, incorporations are running at an increasingly faster pace. Should that trend continue, we’ll break through the 5m...

15 July 2016

Financial Services Deals Chart of The Month: UK Banking – new paradigm required

By Neil Bindoff The aggregate statutory profitability of the UK’s major banks since the financial crisis has been poor, with little sign of improvement in recent years (see chart below). While, understandably, the banks are keen to focus on so-called underlying profits (excluding the costs of PPI, litigation, restructuring and...

14 July 2016

Rapid cost reduction - going beyond theory and analysis

By Steve Russell Companies typically turn to restructuring experts to rapidly turn around performance when they are facing financial stress, or distress. For those able to identify the signs, stress in business models provide early warning signals. The current profit recession is indicative of stress in the business models of...

12 July 2016

M&A in the North Sea: Tipping point or slipping point?

By Ben Stuart, Mairi Massey and Neil Leppard There’s a perfect storm in the North Sea. In the last couple of years the combination of the new ‘lower for longer’ oil price regime, the pressure to move to a lower-carbon economy, rising costs, decommissioning challenges, and declining reserves has completely...

05 July 2016

Radical insolvency review could ensure more retailer rescues

By Mike Jervis While the outcome of the EU Referendum vote is quite rightly uppermost in retailers' minds, the UK Insolvency Service has issued a consultation document reviewing the UK Corporate Insolvency framework. It is a response to consistent messages from the World Bank which recently put the UK as...

30 June 2016

What does Brexit mean for UK Healthcare investing?

By Andrew McKechnie As the dust from the last few days starts to settle and we get back to work, we all ask “How is Brexit going to impact me and what I do?” As healthcare investors and advisors, we need to think carefully about how Brexit will impact the...

A taste of things to come: Trends in the restaurant sector

By David Trunkfield and Rick Jones The restaurant sector might seem to be comparatively immune from some of the technological and other megatrends now confronting businesses across the world. After all, a meal is a meal, and you can’t eat it virtually. But complacency would be dangerous in this sector,...

29 June 2016

UK household debt to impact loan portfolio transactions – Q1 2016 market update

By Richard Thompson Download our Q1 2016 Market Update report here In the first quarter of 2016 the total value of loan portfolios having transacted, already in progress or close to being brought to market reached €88.5bn. This is almost two-thirds (62%) of the total value of loan deals that...

Is the Italian NPL volcano ready to erupt?

By Richard Thompson Download "Is the Italian NPL volcano ready to erupt?" here The volume of non-performing loan (NPL) transactions in 2015 doubled compared to 2014, with the amount of disposed loans reaching €19bn at the end of last year. The first quarter of 2016 began with €5bn of new...

23 June 2016

Investment opportunities as Indian banks look to clean up their balance sheets

By Richard Thompson Download our report here. Recently India has been receiving a lot of attention in the global press, in particular about the new national bankruptcy law which makes the acquisition of distressed assets more attractive to investors. On 7 June 2016 PwC hosted a seminar to discuss the...