The new 11th Annual Global CEO Survey from PwC finds that CEOs in the UK are fairly confident about revenue growth over the next 12 months, although at 43 percent this number stands somewhat below the global norm of 50 percent. And, while a mere 26 percent of respondents have completed a cross-border merger or acquisition in the past 12 months (compared to 24 percent globally), almost twice that number—some 43 percent —are planning a cross-border merger or acquisition in the coming year. Western Europe, Eastern Europe and Asia are important destinations for M&A activity, although CEOs in the UK are more likely to see cultural issues/conflicts and the poor management of human resources as obstacles to cross-border M&A.
Like many of their colleagues around the world, CEOs in the UK consider access to, and retention, of key talent as a main source of competitive advantage—followed by the ability of employees to adapt quickly to change. On the M&A front, a fairly robust 42 percent said that M&As will play a greater role in their business over the next three years (compared to 30 percent globally). Finally, much like their peers in The Netherlands, 35 percent of CEOs in the UK feel that climate change will benefit their business economically (compared to 28 percent globally).
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