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Article: Scots firms' performance still above UK average
- Article from:
- The Scotsman
- Article date:
- August 24, 1998
- Author:
CopyrightCopyright 1998 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
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COMPANIES in Scotland continue to achieve much higher profit
margins than anywhere else in the UK, according to a survey published
today.
However, the survey warns that the economy in most other parts of
Britain could slip into recession because the downturn in exports and
manufacturing is spreading into the service sector.
The only other areas to avoid the worst of the downturn are south-
east England and East Anglia, said the report.
The analysis by Experian of profitability at the UK's 1,000
largest firms, almost 100 of them in Scotland, shows that average
profit margins in Scotland rose from 11.1 per cent to 11.4 per cent
in the first quarter of 1998. The average for British industry as ...