Investors flock to UK


The UK attracted more inward investment than any other country last year, according to new figures released by the Organisation for Economic Co-operation and Development (OECD).

Foreign direct investment into Britain reached a record $165 billion (£91 billion) in 2005, up from $56.3 billion (£31 billion) a year earlier, the Paris-based organisation said.

A recent wave of mergers and acquisitions have fuelled the growth, with firms such as ports company Peninsular and Oriental Steam (P&O) and mobile phone operator O2 among those British companies that have been taken over by overseas groups.

Foreign investors have also benefited from more lenient government laws, which have helped to boost investment in the UK.

The figures also rank Britain as the third biggest outward investor, with France knocking the US off the top spot after pumping $115.6 billion (£64 billion) into overseas companies and projects, including the $17.8 billion (£9.8 billion) acquisition of British drinks group Allied Domecq, by Pernod Ricard.

Overall, foreign direct investment in OECD countries increased by 27 per cent to $622 billion (£342 billion) in 2005, up from $491 billion (£270 billion) in 2004.

"This is the highest level of inflows since the previous investment boom petered out in 2001," the OECD said.

But the organisation warned that although the outlook for foreign investment was good, there were signs that some governments were showing signs of wishing to clamp down on external takeovers, prompting fears of protectionism.

"The growing role of non-OECD countries as outward investors appears to have heightened concerns that all countries and their companies may not play by common rules or promote high standards of business conduct," a spokesman said.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure