Corporate foreign exchange news

Positive outlook for businesses?

Friday, 24 June 2011 09:03:23 GMT

Published by Mark Smith-Halvorsen
Those conducting business foreign exchange may be among those looking ahead to the next six months more positively.
According to the CBI/KPMG London Business Survey, 51 per cent of companies are "optimistic" about what the rest of the year has in store for them, with expansion plans on the agenda for 65 per cent of the 188 participants.
Of these, 36 per cent plan to extend their work outside the UK, while 43 per cent plan to focus on achieving growth within the capital city.
However, organisations may still find it is important to make the most of their finances as London chairman of the KPMG Richard Reid said: "Two-thirds of London firms say that red tape has increased in the last year, particularly in the area of taxation."
Foreign corporations hoping to form a base in the city may find this particularly problematic, he added.
This follows the CBI's recent Industrial Trends Survey, which indicated that orders are "above normal" for 27 per cent of participants.
For more information on foreign exchange treasury services and risk management, visit our Corporate FX site ADNFCR-2522-ID-800598392-ADNFCR
Logo

Speak to one of the team

Please get in touch.

Contact details

Corporate FX
5th Floor, 62 Cornhill
London, EC3V 3NH
United Kingdom
Tel: 020 7743 7000
Fax: 020 7743 7001
Email: info@corporate-fx.co.uk

Contact us / Feedback

Thanks for contacting us

Map and directions

We are situated in the heart of the city of London.

Nearest tube/DLR stations:

Bank
Liverpool Street
Aldgate
Monument

Nearest mainline rail stations:

Liverpool Street
Fenchurch Street
Cannon Street

Global Reach Partners Limited; Registered in England No. 4344764. Registered for Money Laundering Regulations and Money Services
Business at Her Majesty's Revenue & Customs registrations No. 12140164. Supervised by the FSA in accordance with the payment
services regulations 2009, registration No. 504315.
© 2009 Global Reach Partners. Site credits