An analysis of forecasts for 2018 gives a grim view on the future for some of the UK’s biggest companies, with expectations that there will be a marked slowdown. Brexit economy: outlook positive but rocky negotiations could bring instability Read moreIt comes as WPP, the world’s largest advertising group, slashed growth forecasts for the second time amid cuts in ad budgets. Analysts expect profit growth at Britain’s largest companies to rise by 7.2% in 2018, according to the FT analysis, compared with an anticipated 19% this year. Meanwhile, gains by companies listed in London as a result of currency fluctuation have been eclipsed by longer term worries. Nissan said it would continue production in the UK after receiving a promise of no tariffs or extra bureaucratic burdens on the sector.

Source: The Guardian August 23, 2017 10:07 UTC