Britain's executives are more confident in the stability of the UK's financial system than any time since 2008, according to a Bank of England survey published last week.
More than 90% of those questioned said they are fairly confident in the financial system as a whole over the next three years. At the same time, fears another financial shock is round the corner have also plunged. More than two-thirds now consider the probability of such an event low or very low over the next year, compared to just half in the same period last year. For investors, the survey shines an interesting light into the minds of corporates. More business confidence tallies with predictions of a boom in merger and acquisition activity. It also stokes hopes of more capital expen...
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