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Business confidence up
Reported on Wed, 02 Aug 2006
UK firms are increasingly optimistic about the future profitability, according to new research.
Almost a quarter of firms in the UK saw orders rise since January and the balance of firms noting an increase in sales rose to 29 per cent, according to a new survey from Lloyds TSB Corporate Markets.
Diana Brightmore-Armour, director or corporate banking at Lloyds TSB Corporate Markets, said that the troubles facing self-employed tradesmen regarding the rising costs of raw materials has not affected the amount of business received by firms.
"The rise in raw material costs and fuel prices has been offset by a resurgence in domestic and global demand that has allowed firms to boost sales and orders," he said.
He went on to say that this has led to "increased capital expenditure and recruitment".
Firms wishing to build upon this success could well consider taking out a business loan to further develop their business prospects.
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