AIM recovery hits the buffers

THE RECOVERY of London’s alternative investment market (AIM) has been knocked off course for the second quarter in a row as the number of companies delisting jumped 50 per cent, research by accountancy firm UHY Hacker Young finds.

Forty-two companies left AIM in the second quarter of this year, up from 28 in the first quarter – the largest quarterly increase since 2009.

The average amount of money raised from IPOs has also fallen to about £3.6m in the first part of this year, down 70 per cent on the same period in 2010.