CFOs look to raise cash levels to ‘bullet-proof balance sheets’ amid uncertainty

Eight in ten CFOs - 81% - expect the long-term business environment to be worse as a result of the UK leaving the EU and are raising cash levels to "bullet-proof" balance sheets. According to Deloitte’s Q1 CFO Survey, it was the highest measured level since the EU referendum in 2016. The survey gauges sentiment amongst the UK’s largest businesses in the wake of Parliament’s rejections of Theresa May’s Brexit deal. Eighty nine CFOs participated, including CFOs of 48 FTSE 100 and FTSE 250 companies. The total market value of ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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