There has been striking rise in confidence among some of the UK’s biggest businesses, according to the 23rd quarterly survey of CFOs from Deloitte.
CFOs are seeing less economic uncertainty, and have more confidence that the euro area will hold together.
It also shows a higher corporate appetite for risk, and decrease in corporate defensiveness. Firms are focussing less on cost control and cash flow with access to credit increasing.
The Deloitte CFO Survey, launched in 2007, is a quarterly survey of Chief Financial Officers and Group Finance Directors of major UK companies. Over 300 CFOs, mainly from FTSE 350 companies, have joined the CFO Survey panel.
The Survey captures shifts in UK CFOs' opinions on valuations, risks and financing and has become a benchmark for gauging financial attitudes of major corporate users of capital.
For more information, review the Deloitte CFO Survey site.