The information technology industry is set to grow by 3-4 per cent in 2010, having declined by six per cent in 2009. Growth will exceed four per cent in 2011 but a return to pre-crisis levels of growth remains unlikely, according to a new report from the OECD.
International mergers and acquisitions are forecast to have declined by 56% in 2009 compared with 2008, the largest year-on-year decline since 1995. This estimate is based on OECD analysis of data for international M&A activity up to 26 November 2009.
David Hughes sums up his entrepreneurial career to date thus: four spectacular successes and two failures. He founded the sports retailer Allsports and achieved turnover of £180 million before a vicious price war meant decline, administration in 2005 and a sell-off to rival JD Sports.