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

Matthew Parris self-diagnoses as a Remainiac:

“There’s no denying it. My spirit is restless and I must confess. This Brexit thing is driving me slightly mad. And I do mean that clinically: not as a rhetorical flourish. My mental state, like that of so many I know on both sides of the Remain/Brexit divide, is capable of medical diagnosis. A shaft of insanity has pierced our interior lives. I really am becoming a Remainiac… I know I’m boring my readers; know there’s almost nothing left to be said; know that the voice in my head, my mother’s voice, telling me I just need a good night’s sleep, is right… Is it not the first and clearest indication that the balance of one’s mind has been disturbed that, when having done all one reasonably can to achieve a result, one simply cannot let something go? What is the point of waking up at 3 a.m. and fretting sleepless until sunrise that we are leaving the European Union?”

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