- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
It reveals the amount earned in professional fees was down from £487million to £333million for the year to May — a drop of 32 per cent. The fall closely mirrored that in the number of
companies listing on Aim, down 33 per cent from 260 to 175 in the same period. But the research found Aim was bearing up relatively well in the wake of the market onslaught sparked by the
credit crunch. UHY Hacker Young partner Laurence Sacker said prospective Aim floats were suffering from institutions being more reluctant to invest in equities. “Smaller and mid-cap
companies are normally the first to suffer from a buyers’ strike,” he said. “In fact the Aim market has not done too badly. It has fallen 19 per cent over the last year, compared with 16 per
cent for the FTSE 100. “That is a far less savage a fall compared with previous corrections on Aim.” Aim’s appeal to international companies should serve to insulate the market better, he
added.
