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Profits fall in business services

Mar 05 2010

Small businesses in the consultancy and business services sectors have seen profits fall during the last six months, finds a survey.

Some 52 per cent report a decline in margins compared with 18 per cent who have seen increased profits, says banking group Santander. 

However, of the 218 businesses surveyed, 72 per cent remain confident for the first half of 2010.

Andy Homer, spokesperson for Santander Corporate Banking, says: ‘Confidence in [these] sectors remains high despite the continuing squeeze on profits. Firms are beginning to feel more positive that we are officially out of recession and it is encouraging to see high levels of positivity.’

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