Today’s news in brief – 02/12/2024
The UK recorded 436 cross-border and domestic M&A deals in Q3 2024, down from 479 in Q2. Domestic M&A value fell to £2.1bn, while inward M&A rose to £7.8bn, reflecting increased foreign interest. Outward M&A was £4bn, slightly below the previous quarter. RSM’s James Wild attributes an uptick to sellers accelerating deals before anticipated capital gains tax changes, though CGT increases were moderate. Rising employment costs and investor caution pose challenges, but lower interest rates and economic clarity post-Budget and US election could boost activity in 2025, with private equity and international buyers driving momentum.
Sean Devlin, Ballards’ IT and Digital Transformation partner, has been appointed to AGN International’s EMEA IT committee. AGN, a global network of accounting firms, focuses on guiding members through digital transformation, addressing cybersecurity, data analytics, and practice digitization. With 20+ years of experience, Devlin has led transformative IT initiatives across sectors such as retail, logistics, and professional services. Ballards CEO James Syree praised Devlin’s ability to align IT strategy with business goals. Devlin looks forward to collaborating regionally, emphasizing technology’s role in driving efficiency and improving client services for AGN members and the wider professional community.
ACCA has partnered with NEDonBoard, the Institute of Board Members, to help members in non-executive roles enhance board practices and foster impactful leadership. The initiative aims to build a community of board-ready ACCA members while providing training and resources for professional growth. Elise Perraud of NEDonBoard emphasized the partnership’s alignment in empowering accountants for board positions. ACCA’s Mel Venes highlighted the importance of supporting NEDs through shared expertise and resources. The collaboration launched on December 3, with plans for webinars to help members secure non-executive roles and contribute meaningfully to governance and business development.
Clive Owen has welcomed Angela Mikola as tax director at its York office. With nearly 20 years of corporate tax expertise, Mikola has advised owner-managed businesses on compliance, R&D tax relief, group restructuring, and pre-sale planning. A chartered accountant and tax advisor, she began her career at a Big Four firm and advanced through regional practices. Mikola aims to help clients navigate the evolving tax landscape while contributing to Clive Owen’s reputation for bespoke solutions. Partner Phillipa Symington lauded Mikola’s expertise, which will enhance the firm’s offerings as it continues to expand across the region.
