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

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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