However, the decline was steeper in the US, where investment fell 65%, transaction volume fell 53% and pre-money valuations declined from EUR28.5m to EUR19m during the same period. Biopharmaceuticals saw a 13% increase in funding over the year, to EUR1.7bn euros in 160 deals.
Slower economic growth rates are expected in the next couple of years as consumer spending slows and business investment falls, found the EY ITEM Club
Deloitte surveyed 124 CFOs and found that uncertainty levels are still high since the Brexit result.
Marks & Spencer is to cut more than 500 head office jobs and move hundreds of IT and logistics staff out of London in a bid to cut costs, as the retailer continues to post falling sale
European companies are struggling to register sustainable improvements in working capital performance, writes Neil Johnson