Rising Profits Add Lift to an Upbeat Outlook

Summary


BRITISH companies are more profitable than at any time for nearly four years as confidence in the UK economy continues to pick up, according to new official figures.

Overall profitability of non-financial firms rose for the fourth quarter in a row to its highest level since the final months of 1999, data from the Office for National Statistics showed.

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Extract


Rising Profits Add Lift to an Upbeat Outlook

Profitability of private sector firms was 12.6% between July and September compared with the 200...

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