Companies take advantage of recession to expand

The recession has brought new opportunities for thousands of companies, a
Baker Tilly survey has found.

The Financial Times
reports that 21 per cent of 300 company directors who responded to the survey
plan to expand abroad.

It also found that 38% expect to make an acquisition over the next three
years while 35% said they expected to establish a joint venture with a former
competitor.

But among the optimism businesses remained cautious, with more than half
predicting more redundancies driven by further falls in sales in the coming
year.

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