Business Live: Business confidence drops to a 12-month low; £ 301bn hit of dividend record; The minister is ready to intervene in the arms deal
According to Accenture and the IHS Markit, trust between businesses has fallen to a 12-month low.
Concerns over inflation and fears of hiring skilled staff are weighing on bosses.
According to fund manager Janus Henderson, bumper payments from mining companies have increased global profits to a record £ 301 billion in three months.
Experts are now predicting a new peak of £ 1.1bn by 2021, after profit margins fell during the worst of the coronavirus epidemic.
Ministers are preparing to intervene in Nvidia’s £ 30 billion sweep on arm, which could avoid a controversial deal.
Culture Secretary Nadine Doris this week orders an in-depth investigation into the deal based on national security and competition.
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Global profits soar to a record three-month high of £ 301 billion as business confidence drops to 12-month low