Foreign direct investment (FDI) flows abroad by British companies totalled £21.2bn in 2009 down £78.1bn on 2008. It was the smallest net outward flow since 1994. The level of FDI by British companies at the end of 2009 was £1029.7bn down from a previous high of £1073.6bn at the end of 2008. Earnings from FDI by British companies were almost unchanged at £69.6bn in 2009.
Foreign companies invested £45.7bn in the UK in 2009 down £3.2bn on 2008 and the smallest inward flow since 2004. The level of FDI in the UK was £653.6bn from £660.4bn in 2008. Earnings by foreign companies increased by £23.4bn to £26.5bn in 2009.
The majority of the £21.2bn of flows invested in foreign companies was in Europe (£14.4bn) follwed by Africa (£6.6bn) and Asia (£5.5bn). Most of the earnings in 2009 were also made in Europe (£35.1bn). Europe also accounted for most of the £45.7bn invested in the UK (£27.5bn) follwed by the Americas (£20.6bn) while the Americas made the most earnings (£17.7bn).
Showing posts with label foreign investment. Show all posts
Showing posts with label foreign investment. Show all posts
Monday, 13 December 2010
Wednesday, 8 December 2010
Foreign Investment In UK Up To £12bn
Foreign companies invested £12bn in a total of 51 UK companies in Q3 compared with £2.7bn in 43 companies in Q2 2010. British companies invested £5bn in a total of 40 foreign companies in Q3 2010 compared with £2.4bn in 44 companies in Q2 2010. British companies invested £2.6bn in 52 UK companies in Q3 compared with £2.1bn in 91 British companies in Q2 2010.
Tuesday, 13 July 2010
Trade In Services Surplus Slightly Down
The Balance of Payments bulletin from the ONS for the first quarter of 2010 reported a current account deficit of £9.6bn as compared with a current account surplus of £0.5bn in Q4 2009. It is mainly due to a lower surplus on income, from £8.1bn to £3.8bn, and an increase of £1bn in deficit on current transfers, an increase of £0.5bn in trade in goods and a lower surplus on trade in services of £0.5bn to £12.5bn. The current account balance is equivalent to -2.7% of GDP.
The deficit in trade in goods and services equals -2.5% of GDP and the surplus on income is 1.1% of GDP. Trade in goods is in deficit by £21.7bn. Exports went up by £1.6bn and imports by £2.2bn. The semi-manufactured goods trade deficit increased by £0.8bn to £1.6bn and finished manufactured goods increased their deficit by £0.2bn to £13.5bn. The deficit in trade in oil narrowed by £0.4bn. The trade deficit in food, beverages and tobacco decreased by £0.3bn to £4.2bn.
The surplus on trade in services was £12.5bn, sightly lower than Q4 2009. Exports of services fell by £0.7bn to £39.1bn mainly due to a fall in the export of financial services, royalties and license fees and construction services. Imports fell by £0.2bn due to decreases in government services and construction services. These were partially offset by an increase in the import of financial services of £0.3bn.
The surplus on income fell to £3.8bn from £11.9bn in the previous quarter. Income credits were £41.5bn due to increased earnings on direct investment abroad. Income debits increased by £8.2bn to £37.6bn due to earnings on increased direct investment in the UK. Portfolio investment in the UK earnings increased by £1bn from £2.4bn to £3.4bn. UK earnings on portfolio investment abroad fell by £0.1bn to £11.6bn. The compensation of employees was £0.2bn. The surplus on direct investment income was down £6.6bn to £10bn. Earnings on direct investment abroad were £22bn due to monetary financial institutions going to profit from loss and increased earnings by financial intermediaries. Foreign earnings on direct investment in the UK increased by £7.7bn to £11.9bn. Foreign earnings on portfolio investment in the UK rose by £1bn to £15.1bn. Income on reserve assets was £0.2bn.
The current transfers deficit increased to £4.3bn due to an increase in UK's payments to EU institutions. The capital account showed an increase of £0.3bn to leave a surplus of £1.2bn.
The deficit in trade in goods and services equals -2.5% of GDP and the surplus on income is 1.1% of GDP. Trade in goods is in deficit by £21.7bn. Exports went up by £1.6bn and imports by £2.2bn. The semi-manufactured goods trade deficit increased by £0.8bn to £1.6bn and finished manufactured goods increased their deficit by £0.2bn to £13.5bn. The deficit in trade in oil narrowed by £0.4bn. The trade deficit in food, beverages and tobacco decreased by £0.3bn to £4.2bn.
The surplus on trade in services was £12.5bn, sightly lower than Q4 2009. Exports of services fell by £0.7bn to £39.1bn mainly due to a fall in the export of financial services, royalties and license fees and construction services. Imports fell by £0.2bn due to decreases in government services and construction services. These were partially offset by an increase in the import of financial services of £0.3bn.
The surplus on income fell to £3.8bn from £11.9bn in the previous quarter. Income credits were £41.5bn due to increased earnings on direct investment abroad. Income debits increased by £8.2bn to £37.6bn due to earnings on increased direct investment in the UK. Portfolio investment in the UK earnings increased by £1bn from £2.4bn to £3.4bn. UK earnings on portfolio investment abroad fell by £0.1bn to £11.6bn. The compensation of employees was £0.2bn. The surplus on direct investment income was down £6.6bn to £10bn. Earnings on direct investment abroad were £22bn due to monetary financial institutions going to profit from loss and increased earnings by financial intermediaries. Foreign earnings on direct investment in the UK increased by £7.7bn to £11.9bn. Foreign earnings on portfolio investment in the UK rose by £1bn to £15.1bn. Income on reserve assets was £0.2bn.
The current transfers deficit increased to £4.3bn due to an increase in UK's payments to EU institutions. The capital account showed an increase of £0.3bn to leave a surplus of £1.2bn.
Wednesday, 3 March 2010
Low Levels Of Interest In M & A
Foreign companies increased their interest in the UK from £4bn in Q3 2009 to £13.8bn in Q4. The number of transaction was more or less unchanged. Over 2009 as a whole however the value of acquisitions in UK by foreign companies was the lowest since 1993 at £30.8bn, a decrease of 41%. UK companies' interest in foreign companies decreased from £2.5bn in Q3 to £0.9bn in Q4, the lowest since records began in 1987. The total value of acquisitions by UK companies in foreign companies in 2009 as a whole was £9.9bn, the lowest since 2004. UK companies decreased their interest in UK companies from £1.9bn to 1.3bn between Q3 and Q4 2009. The total value for 2009 was £12.1bn, the lowest level since 1994.
The number of transactions in the UK by foreign companies in Q3 2009 for the £4bn was 27 and the £13.8bn in Q4 was from 26 transactions, the highest quarterly value since Q2 2008. Among the transactions taking place were the acquisition of Barclays Global Investors by Blackrock, Friends Provident by Resolution and the disposal and acquisition of Gatwick Airport. Foreign companies also disposed of 11 UK companies during the quarter. The total number of acquisitions in the UK by foreign companies in 2009 was 100 down from 252 in 2008, the lowest since 1988. A total of 78 of the 100 were direct transactions. Inward investment came mainly from Europe with 62% with 54% of the total came from EU countries, American companies accounted for 37% with the US accounting for 34% of the total and Africa, Asia and Oceania 1% each.
Transactions abroad by UK companies totalled £0.6bn in value in 2009 from £17bn in 2008. Another lowest figure since records began in 1987. Net transactions in the UK by foreign companies amounted to £24bn in 2009 from £47.4bn in 2008. Net cross-border acquisitions and disposals of UK companies totalled -£23.4bn in value.
The number of transactions abroad by UK companies was 26 in Q3 and 25 in Q4 2009 for a total value of £2.5bn and £0.9bn respectively. UK companies secured the disposal abroad of 6 companies worth £2bn in Q4 2009. Transactions taking place included the disposal of SPE S.A. by Centrica, of Aviva Australia Holdings by Aviva Plc and Balfour Beatty Plc's acquisition of Parsons Brinckerhoff Inc. The annual total of £9.9bn was from 99 transactions down from 298 in 2008, the lowest since 1987. Of the total of 99, 81 were direct transactions. The Americas were the primary destination for UK companies accounting for 50% of the total of overseas transactions, the EU accounted for 17%, Africa 16% and Asia 10%.
UK companies decreased their interest in UK companies in Q4 by 67% to £12.1bn but significant transactions included the acquisition of the Central African Mining and Exploration Company by the Eurasian Natural Resources Corporation and the acquisition of Avalon Acquisitions by Just Retirement (Holdings). There were a total of 59 transactions during Q4 2009 compared with 62 in Q3. They consisted of 39 acquisitions of independent companies and 20 by company groups that involved subsidiaries.
The total number of mergers and acquisitions in 2009 was 266 worth £12.1bn, 180 were mergers and acquisitions of indpendent companies and 86 were sales of subsidiaries between company groups.
The number of transactions in the UK by foreign companies in Q3 2009 for the £4bn was 27 and the £13.8bn in Q4 was from 26 transactions, the highest quarterly value since Q2 2008. Among the transactions taking place were the acquisition of Barclays Global Investors by Blackrock, Friends Provident by Resolution and the disposal and acquisition of Gatwick Airport. Foreign companies also disposed of 11 UK companies during the quarter. The total number of acquisitions in the UK by foreign companies in 2009 was 100 down from 252 in 2008, the lowest since 1988. A total of 78 of the 100 were direct transactions. Inward investment came mainly from Europe with 62% with 54% of the total came from EU countries, American companies accounted for 37% with the US accounting for 34% of the total and Africa, Asia and Oceania 1% each.
Transactions abroad by UK companies totalled £0.6bn in value in 2009 from £17bn in 2008. Another lowest figure since records began in 1987. Net transactions in the UK by foreign companies amounted to £24bn in 2009 from £47.4bn in 2008. Net cross-border acquisitions and disposals of UK companies totalled -£23.4bn in value.
The number of transactions abroad by UK companies was 26 in Q3 and 25 in Q4 2009 for a total value of £2.5bn and £0.9bn respectively. UK companies secured the disposal abroad of 6 companies worth £2bn in Q4 2009. Transactions taking place included the disposal of SPE S.A. by Centrica, of Aviva Australia Holdings by Aviva Plc and Balfour Beatty Plc's acquisition of Parsons Brinckerhoff Inc. The annual total of £9.9bn was from 99 transactions down from 298 in 2008, the lowest since 1987. Of the total of 99, 81 were direct transactions. The Americas were the primary destination for UK companies accounting for 50% of the total of overseas transactions, the EU accounted for 17%, Africa 16% and Asia 10%.
UK companies decreased their interest in UK companies in Q4 by 67% to £12.1bn but significant transactions included the acquisition of the Central African Mining and Exploration Company by the Eurasian Natural Resources Corporation and the acquisition of Avalon Acquisitions by Just Retirement (Holdings). There were a total of 59 transactions during Q4 2009 compared with 62 in Q3. They consisted of 39 acquisitions of independent companies and 20 by company groups that involved subsidiaries.
The total number of mergers and acquisitions in 2009 was 266 worth £12.1bn, 180 were mergers and acquisitions of indpendent companies and 86 were sales of subsidiaries between company groups.
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