More German than UK corporate treasurers think Britain should opt for ‘Brexit’ in the European Union (EU) referendum this Thursday, according to research from EuroFinance.
A survey of more than 600 global businesses by the conference organiser and research firm, an Economist Group business , finds that nearly 30% of German corporate treasurers believe Britain is better off outside the EU, compared to just 15 per cent of UK treasurers.
Perhaps less surprisingly, 26% of Swiss corporates think Britain should cut its political ties with Brussels. Despite Brexit backing from firms across certain nations, the majority of respondents (82%) are going with the status quo and backing the UK to remain.
“It is surprising to see such a healthy number of treasurers in Germany, a country hardly renowned for Euroscepticism, backing Brexit,” commented Leslie Holstrom, editor of EuroFinance.
“Despite this, our findings clearly show that the risks of leaving are simply too high for the majority of treasurers, many of whom are already seeing the unsettling effect of the referendum on their business.”
Data from S&P Global Market Intelligence suggest that the German lender is struggling to meet capital and earnings figures.
The T+2 Industry Steering Committee (T+2 ISC) has welcomed recent action by the Securities and Exchange Commission (SEC) to propose a rule ... read more
London’s business community remains surprisingly upbeat about the city’s economy and outlook for the next 12 months, according to a survey of professionals by Santander.
Forecasts for 2016-2020 place Africa as the second fastest growing region in the world (at a compound annual growth rate (CAGR) of 4.3%), just below Emerging Asia.