AIM matches 2005 fundraising in 9 months

News Article - 25 September 2006
Category:

The Alternative Investment Market could match the amount of new money raised in 2005 in nine months, according to new research.

Grant Thornton Corporate Finance stated that the AIM market had raised a total of £6.3 billion since the start of the year, with an expected £40 million expected to be raised before the end of the month.

This, it said, would work out to more than the £6.4 billion generated during the whole of 2005.

Philip Secrett, partner at Grant Thornton Corporate Finance, said: "While the pipeline for deals is looking healthy for the short-term, longer term the market will need to address a range of issues and in particular its over-reliance on sectors such as mining and oil and gas, which at present account for almost 50 per cent of AIM by market value."

Figures from Grant Thornton also showed that a total of £1.29 million was raised during the third quarter of the year, which is less than that raised in the second quarter, although it is comparable to the same period of 2005.

Between July and September, 88 companies joined the AIM, while another eight are due to be admitted within the next week.

Article keywords:

---

More industry news

• Think tank warns UK may have already slipped back into recession
• Growing demand for HR staff in technology and international sectors
• Boosting business growth a ‘priority’ to avoid Eurozone slowdown
• HMRC launches alternative disputes pilot scheme this week
• December employment statistics disregard gloomy recruitment predictions
• Eurozone manufacturing PMI shows modest improvement
• UK scores highly for economic governance by ratings agency
• Government launches two-year project focusing on manufacturing sector
• Burden of regulation on UK businesses ‘too high’

Back to news home page »