The latest report out from Webmergers.com, the US internet research group, spells out a little good news for financial advisers, as mergers and acquisitions spending in the internet sector rose 25% in October compared with September.

Buyers spent $2.5bn (€2.8bn) globally on acquiring 118 internet companies in October, and the number of deals rose by 35% compared with September. Of the $2.5bn spent, around two-thirds was for buying 76 internet companies that provide software, tools and other infrastructure that enables e-business applications.