UK profits grow at weakest pace in three years in Q2 amid economic slowdown

Boosted by sterling weakness

David Brenchley
clock •
UK profits are growing slowly
Image:

UK profits are growing slowly

Second-quarter results season was the weakest for UK companies since just before the Brexit referendum three years ago as the gap between overseas- and domestic-earning FTSE stocks continues to widen, according to The Share Centre.

Firms listed on the UK's main market reported revenue growth in Q2 of just 1.6%, while profit growth was 3.1%, the latest Profit Watch UK from The Share Centre noted. Growth in both top- and bottom-line...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

David Brenchley
Author spotlight

David Brenchley

View profile
More from David Brenchley

Investment Conundrums: Barclays' Hobbs on why gold and bitcoin look 'vulnerable' to real interest rate increases

Unicorn's UK Income positions for vaccine and Brexit boosts

More on Equities

Biotech funding 'off the charts'
Equities

Biotech and healthcare investors hope for rebound following weak 2021

Targeting long-term structural changes

Alex Rolandi
clock 21 January 2022 • 5 min read
The pandemic has acted as a catalyst for biotech and health industries
Equities

Covid catalyses investment in biotech with 2022 set to be 'breakout' year

Tremendous potential, particularly in the spatial biology sector

Alex Rolandi
clock 21 January 2022 • 4 min read
The largest inflation contributors were housing and household services, and transport
UK

'Back to the nineties': Industry reacts as UK inflation reaches 30-year high

The UK’s Consumer Price Index rose 20 basis points above expectations to 5.4% in the 12 months to December 2021, according to the Office for National Statistics, reaching its highest level since March 1992.

Lauren Mason
Lauren Mason
clock 19 January 2022 • 4 min read
Trustpilot