UK pre-tax profits hit new record of £218bn in Q3

According to the latest Profit Watch report from The Share Centre, revenues have risen for nine consecutive quarters, the longest period of expansion since the aftermath of the financial crisis in 2009, while profits have risen for six consecutive quarters. The report also said pre-tax profits almost twice as fast as the 7.6% year-on-year increase in company revenue. Oil price jumps to 2014 highs as Trump abandons Iran nuclear deal The oil sector was the largest generator of revenues, helped by the rising oil price to $80, and accounted for a quarter of the total revenue reported o...