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CFOs holding on to cash reserves.

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Almost a third (31 per cent) of UK CFOs are retaining higher cash reserves, rather than reinvesting revenue back into the business or returning monies to investors, according to new research.

The research, which was carried out by Robert Half Management Resources, specialists in interim accounting and finance recruitment, reveals that a lack of available credit by banks is causing CFOs to re-evaluate their company's balance sheets and how they manage profits.

A quarter (26 per cent) of those surveyed cited difficulty in securing finance and credit as the main reason for not returning profits to investors or reinvesting in the business.

Surprisingly, it is large UK companies that appear to be suffering most from the credit squeeze, with more than a...

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