Falling oil prices may pose threat for Britain's AIM listings

London

SLUMPING oil prices could curb new equity listings on Britain's Alternative Investment Market, where many small oil and gas explorers have traditionally sought financing, according to AIM-focused accountancy firm UHY Hacker Young.

Last year the value of initial public offerings on AIM hit its highest since 2007 at £2.4 billion (S$4.88 billion), twice the sum raised in 2013, according to data compiled by UHY, the ninth largest auditor on AIM by number of clients, according to Adviser Rankings.