LONDON, April 7 British businesses plan to
increase hiring and investment over the next 12 months, even as
recent economic data points to a possible slowdown in economic
growth, a poll of finance directors showed on Monday.
A quarterly survey of chief financial officers (CFOs) by
professional services group Deloitte showed 81 percent
expect UK businesses to add staff, 80 percent predict higher
capital expenditure and 95 percent expect more mergers and
The 126 respondents to the survey, conducted between March 6
and 24 and which included CFOs from more than a quarter of the
companies in the FTSE 100 index of leading stocks, said
the appetite for risk among businesses was growing.
That's despite recent purchasing managers' index (PMI)
surveys pointing to slowing growth in the service and
manufacturing sectors, after stronger than expected expansion in
"CFOs increasingly see growth here in the UK, and
established markets such as the U.S. and euro (currency) area,
as the key drivers of their corporate investment plans," said
Ian Stewart, chief economist at Deloitte.
The results of the survey are available at:
(Reporting by Tom Bergin; Editing by David Holmes)