Financial services firms 'enjoying strongest run of growth since '07'

Confederation of British Industry (CBI) and PwC's quarterly sector survey suggested firms saw strong growth in business volumes in the three months to September, with profits rebounding and hiring on the up. It found 60% of firms said that business volumes were up, while 11% said they were down, giving a balance of +49%, the strongest reading since 2007, when it was +51%. Rising volumes helped push up overall profitability in firms, the research found, with 60% reporting a rise, and 8% a fall, the fastest growth since March 2011. A similar rate of growth is expected in the next quarte...