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M & A and business spending set to rise as firms prioritise growth

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Expansion through mergers and acquisitions is a higher priority for large companies than at any time in the past 11 years and spending by businesses is set to surge according to a national survey of chief financial officers from Deloitte.

Expectations for an increase in hiring and investment are at their highest levels in almost seven years as growth emerges as the top priority. Some 71 per cent of  firms expect rises in capital expenditure and over three quarters anticipate increases in hiring over the year ahead, according to the survey of over 100 CFOs which included many FTSE 100 and FTSE 250 companies. Meanwhile, over half of firms have either reported a full recovery in demand for their businesses, or expect to do so by the year-end with 41 per cent reporting that demand has returned to pre-pandemic levels.

Paul Schofield, South East practice senior partner at Deloitte said: “The national survey results reflect what Deloitte are seeing in the East and South East – significant demand recovery, an increasing focus on M&A and considerations of climate-related risks now coming to the fore.”

Last Updated ( Tuesday, 20 July 2021 08:01 )