UK-listed companies to double earnings - JO Hambro

Follows 19% decline in first year of pandemic

clock • 2 min read
Alexandra Altinger, CEO, UK, Europe and Asia, at JO Hambro

Alexandra Altinger, CEO, UK, Europe and Asia, at JO Hambro

JO Hambro Capital Management expects UK companies to bounce back with earnings doubling to £110bn in the 12 months to March 2022.

JO Hambro's new UK Profit Index, showed there was a 19%, or £349bn, decline in UK plc revenue during the first year of the pandemic outbreak - April 2020 to March 2021. However, the asset manager now expects companies to return pre-pandemic levels within an additional year. Alexandra Altinger, CEO, UK, Europe and Asia, at JO Hambro, said: "After the shock of the pandemic, the change of mood in Britain's boardrooms is palpable. "The recovery is now very strong indeed: high government spending, low interest rates, strong consumer demand, resurgent employment and a buoyant housing mar...

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