A survey by Deloitte of 120 chief financial officers, including 26 from FTSE 100 companies, found that confidence had improved for the third consecutive quarter as concerns over the economic and financial backdrop slipped to their lowest level for two and a half years.
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According to the poll, 23pc of finance directors believed their business faced a high level of external uncertainty – the lowest figure since the second quarter of 2011.
The precarious state of the economy over recent years has led finance chiefs to adopt defensive balance sheet strategies such as cost control and increasing cash flow; but in the first quarter, directors had reduced the emphasis on these strategies.
There were signs of corporate risk appetite increasing, with 34pc of finance directors saying that now is a good time to take risk on their balance sheets.
Bolstering the mood among finance chiefs were rising equity markets, exceptionally easy monetary policy and improving financial conditions.
Source and full story: The Telegraph
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