Financial Times FT.com

Corporate profits at all-time high

By Chris Giles, Economics Editor

Published: April 3 2007 22:05 | Last updated: April 3 2007 22:05

Corporate profitability rose to its historically highest level at the end of last year as manufacturing and service sector companies benefited from strong sales growth combined with lower energy prices and subdued wage pressures.

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Economists said soaring profitability in the fourth quarter augured well for business investment, underpinning the Bank of England’s strong growth forecast for this year.

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