Almost 40 per cent of UK businesses are highly optimistic about their revenue growth in 2003, according to research findings from credit insurer GERLING NCM. Based on interviews with financial directors across a number of industry sectors, the survey said business services companies are the most bullish, with 63 per cent of respondents from that sector expressing high levels of optimism. Marc Jones, senior economist at GERLING NCM, said ‘Companies that have worked hard over the past year or so to get into competitive shape – reviewing their business procedures, keeping a tight rein on their cash flow and maintaining good credit control – are now in a position to feel relatively optimistic. They have cut costs down to the bone, and are now focusing on sales to grow their business.’ Although keeping costs down is still a very important way of maintaining margins, with 74 per cent of respondents citing this as highly important, many CFOs also focusing on more active business development methods. Seventy-five per cent say that finding more customers is still highly important; and product development is still highly important to 62 per cent of respondents.
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.