A number of companies, including Pure Gym and TI Fluid Systems, have shelved plans to float, citing market conditions Pure Gym HandoutCapital raised by British companies slumped by nearly a fifth in the past year as the uncertainty caused by Brexit hit business confidence. The net amount of money raised through share and bond issuance dropped by 18.6 per cent to £18.4 billion in the year to August 31, the first fall in five years, the accountancy firm Moore Stephens said. Net issuance of capital, a key indicator of business confidence, reached a record high in 2015 after recovering from just £0.9 billion in 2011. The average value of a bond issuance fell by more than a third to £2 billion…

Source: The Times October 31, 2016 08:59 UTC