"Nine floats managed to get away in London in the first quarter of this year raising a dismal $330.3m (£166m) in proceeds, according to data from Thomson Financial. These figures cut a startling contrast to the same period last year when more than $11 billion was raised from a pool of 44 new issues and to the $9.5 billion garnered from 71 IPOs in the same period of 2006" Ooops sounds just a 97% drop... never seen anything like that... my crystal ball shows big layoffs in the City. But of course, Savills said for every American who leaves there is a Russian and an Indian who arrive (but do they have to share the flat?)

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