UK profits grow at weakest pace in three years in Q2 amid economic slowdown
Boosted by sterling weakness
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...
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