The oil price established a new lower range last week, falling below $40 for the first time since 2008. We expect to see some improvement in the oil supply/demand balance as we move through 2016, but in the short term oversupply will persist.
At the University of Edinburgh’s Corporate Finance Conference, Andrew Haldane, chief economist at the Bank of England, suggested that the public company model is increasingly being questioned.
By Edward Craft
2014 was a good year for businesses seeking to raise new money on public markets, whether by IPO or secondary fundraisings – but what do equity markets have in store for British businesses in 2015″
