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Top 350-listed firms in best quarterly results for years

THE UK's top 350-listed companies have delivered their best quarterly results in two years, signalling that large public businesses are starting to see the benefits of economic recovery, writes Scott Wright.

Companies with financial year ends in the third quarter, which post their annual results by the end of December, have seen revenues rise by 3% to £109.8 billion, a survey has found. While the growth was "still rather sluggish on a historic comparison", it was the sharpest uptick in revenue since the second quarter of 2012.

The quarterly Profit Watch UK report, compiled by The Share Centre, also found that pre-tax profits from the FTSE-350 rose by 43.7% to £6.6bn, the first increase in seven quarters.

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