Finance chiefs not concerned by double dip

FEARS of a double-dip recession appear to have dissipated, as UK finance leaders say their greatest concern now is how to manage their balance sheets, according to a survey published yesterday.

Specialist recruitment firm Robert Half said the survey of over 200 chief finance officers (CFO) found more than 44 per cent were worried about managing their balance sheets while the same number cited cash flow as a major concern.

Over half of CFO’s (53 per cent) said raising capital was one of their top priorities compared to a third last year. Meanwhile, 26 per cent said they were looking for new investment opportunities compared to just 11 per cent last year.
Only one per cent were concerned about the threat of a double-dip recession. Instead 34 per cent said they were now more concerned about managing growth compared to a paltry nine per cent last year, suggesting greater confidence in the economy.

Phil Sheridan, managing director of Robert Half said: “Finance leaders are placing more emphasis on maintaining strong accounting practices and cash flow to capitalise on emerging opportunities, particularly in the SME and private sectors.”