Today’s news in brief – 15/5/2025
The UK’s Financial Reporting Council (FRC) published a discussion paper revealing broad stakeholder support for the evolution of digital reporting post-EU exit. The paper incorporates feedback from regulators, companies, software providers, and other stakeholders, highlighting strong support for collaboration, simplified guidance, and a balance between UK-specific and globally comparable standards. The paper aims to inform policy under the new Economic Crime and Corporate Transparency Act 2023. Executive Director Mark Babington emphasized the FRC’s commitment to efficient, transparent digital reporting that supports economic growth. This initiative marks a key step in shaping the UK’s digital reporting landscape for 2025 and beyond.
James Cowper Kreston Corporate Finance advised London Drainage Facilities (LDF) on its acquisition of BlockBusters Drainage and Plumbing Services. The deal supports LDF’s growth strategy, expanding its presence across the South East. BlockBusters, with over 30 years of experience, serves both residential and commercial clients across Brighton and the South Coast. This marks another significant milestone following YFM Equity Partners’ platform investment in LDF in 2023. Stuart Williams led the advisory team, praising the strategic fit and regional growth potential. LDF Managing Director Danny Fuller welcomed the acquisition, highlighting its role in broadening LDF’s service capabilities and geographic coverage.
The UK secured 853 Foreign Direct Investment (FDI) projects in 2024, making it Europe’s second most attractive destination after France. However, project numbers fell 13% from 2023, with Greater London experiencing a 31% decline. Europe as a whole recorded a 5% year-on-year drop, its lowest FDI project total in nine years. Key economies like France, Germany, and the UK saw more pronounced decreases due to sluggish growth, high energy costs, and global competition. EY notes the UK still excels in high-value sectors like tech and life sciences. Continued trade development and regulatory stability may help restore investor confidence.
