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ARTICLE · 11 JULY 2013

Deloitte CFO Survey: Expansion Is Back On The Agenda

Chief Financial Officers (CFOs) of big businesses are shifting towards expansionary strategies and are more willing than ever to take on risk, according to the latest Deloitte CFO Survey in the UK.

MaltaFinance and Banking

Chief Financial Officers (CFOs) of big businesses are shifting towards expansionary strategies and are more willing than ever to take on risk, according to the latest Deloitte CFO Survey in the UK.

The Q2 2013 UK CFO Survey, which gauged the views of 135 CFOs, including 37 from FTSE 100 companies and 45 from FTSE 250 companies, shows that UK CFOs' expectations for hiring, investment and discretionary spending have returned to levels last seen in early 2011.

45% of UK CFOs say now is a good time to take risk onto their balance sheets, the highest in six years and more than double the level of a year ago.

CFOs are placing greater emphasis on expansion through introducing new products or services and by acquisition. They have also softened their focus on cost reduction to the lowest level in two years. 34% of CFOs say reducing costs is a priority for their business, down from 42% in Q1 2013.

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