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Inward investment falls as mergers and acquisitions activity drops

Inward investment to the UK declined in 2010/11 as the number of foreign companies looking to use a mergers and acquisitions solicitor service fell. A new report from UK Trade and Investment (UKTI) shows the number of projects bringing money into the UK dropped by over ten per cent after a downward trend in mergers and acquisitions activity. During the year ending March 2011, the UK received 1,434 foreign direct investment (FDI) projects, creating more than 94,500 jobs in the process. UKTI said that while the number of projects was down, it still represented one of the best years for FDI. The US remains by far the biggest source of investment projects, accounting for 27 per cent of all investment and almost 40 per cent of jobs. High growth was also recorded from India, Canada, Spain, Switzerland and the Netherlands. Figures from the Office for National Statistics reveal that expenditure on acquisitions in the UK by foreign companies fell to £6.4 billion in Q1 2011 from £7 billion the previous quarter. Posted by Alex McLean
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