TMT companies are showing some signs of confidence over the economy, according to new research from accountants and business advisers BDO Stoy Hayward, which looked at confidence levels in the sector over the next six months.

The survey covered technology, media and telecoms companies across the UK, with worldwide revenues ranging from £10m (E11.7m) to £5bn.

When asked how confident they were over economic prospects in the next quarter, nearly 30 per cent of respondents said they were "slightly or more confident" about economic prospects facing the sector over the next quarter, with 38 per cent saying they were "as confident" as in the previous quarter. The remainder, 32 per cent, were "slightly less confident" or "much less confident."

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