UK firms see biggest hit to output and profit since Covid-19 pandemic

Quick Summary:

One in five UK-listed companies issued a profit warning in 2024.

Britain’s economy suffered from slow growth in the second half of 2024, as stubborn inflation and high interest rates weigh on companies and households.

The figures, published on Jan 27, were the latest in a slew of weak economic data that is troubling Labour ministers, who have promised to boost growth and invest more money into Britain’s public services.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIreland

Topics: Report Services Profit Growth According Warnings Activity Pandemic Ey-parthenon Companies 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 13:57:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 531 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 25489341

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 3 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 7 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #25

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