According to SEB’s Financial Officers’ survey, which questioned around 50 of Sweden’s largest companies, uncertainty among Swedish financial officers has increased. Compared to three months ago, raw material costs have emerged as the greatest concern, while falling demand still dampens earnings growth expectations. Despite these concerns, financial officers still expect higher profits in 2008. However, a greater percentage of financial officers now believe earnings growth will be driven by cost reductions rather than volume increases. The survey shows respondents remaining positive towards the overall business climate and their own company’s financial position, although slightly less so compared to the previous survey. The index for May stands at 59, down from 60 in February, but well above its neutral level of 50.
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.