16 January 2001, 10:29 UK companies fourth-quarter activity up but profitability lower
London--Jan. 15--U.K. firms reported strong business activity in the
fourth quarter of last year but suffered yet a further squeeze in
profitability, according to the EULER Trade Indemnity Quarterly Financial
Trends Survey. The survey blamed intense competition, the sterling-euro
exchange rate, higher oil prices, wage costs, and slower order book growth
for the shrinking profitability.
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