How much longer can companies run themselves for cash?

Published in CFO World

UK companies are sitting on a surplus of £752 billion. Finance journalist Sally Percy reports.

In the early days of the financial meltdown, way back in 2008 when auditors were presumed to be having ‘a good crisis’, Goldman Sachs bankers still thought they were doing ‘God’s work’ and Greece had an A credit rating, a powerful mantra quickly gained currency among finance chiefs. That mantra was ‘cash is king’.

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