Record Profits for UK Firms

According to the latest Profit Watch report from the Share Centre, Q1 2018 saw:

  • Collective profits of UK firms hit record high
  • Profits among FTSE 350 increase by 158%
  • Sales among FTSE 350 hit three year high, growing by 21%
  • 70% of companies had higher profits
  • Four fifths of sectors saw higher profits

Helal Miah, investment analyst at The Share Centre, says: “UK plc has delivered the strongest set of results in years, extending a period of growth not seen since the recovery in the immediate aftermath of the recession and financial crisis”. Nothing in the FT on this yet…


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Quote of the Day

Lucy Allan explains her positive comments about the Brexit Party…

“If EU elections are held, Leave supporting voters will want to vote for Leave supporting candidates… Usual party loyalties will be eclipsed by the Leave v Remain divide. It’s good to see strong candidates in the Leave camp. However, I sincerely hope we leave the EU before these elections are held so that we can move on and not waste time and money on unnecessary EU elections.”

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