UK Firms Ready To Invest And Expand

U.K. corporates are ready to take risks, expand and hire, according to a Deloitte survey of CFOs, as business confidence improved for the sixth consecutive quarter.

Out of the 122 finance chiefs surveyed, including 32 from FTSE 100 companies, some 91 percent saw revenues increasing over the next 12 months, and over half said that now was a good time to rake risk onto their balance sheets — the highest level since the survey began six years ago.

Meanwhile, over a third of those questioned said they expected U.K. corporates to increase hiring in 2014.

The mood of the CFOs reflects a growing sense of optimism about the economic recovery in Britain, which saw its unemployment rate fall faster than expected to 7.4 percent in the three months to October.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu