Barclays Quarterly Business Trends Survey questioned 600 finance directors of businesses with turnovers of between £1m and £100m. Results highlighted increased levels of business optimism in the wake of a several recent interest rate cuts. When asked for their views on the economy 60 per cent of finance directors questioned said they were more optimistic about the future, this compared with an optimism figure of 49 per cent in the first quarter of this year. There was good news overall on the employment front generally from these businesses. Only 14 per cent of businesses planned to reduce staff numbers and over one third, 38 per cent planned to expand into new markets. The fear of a world recession is now only felt by eight per cent of businesses but tougher competition in both the UK and overseas marketplaces is causing increasing concern.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.