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UK firms witness decline in net returns

20 July 2010
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UK firms witness decline in net returnsThe net rate of return among businesses in both the UK services and manufacturing sectors declined during the first quarter of 2010 by two percentage points.

Compared with a figure of 11.3 per cent for the last three months of 2009, the period in question saw the total drop to 11.1 per cent across private non-financial corporations, highlighting the importance of effective operations management policies.

The data from the Office for National Statistics also revealed that there were broad variations between different sectors in the economy, with services companies recording a net rate of return of 14.4 per cent, while this number was 6.4 per cent for the manufacturing industry.

Excluding United Kingdom Continental Shelf firms, which returned 36.4 per cent in the first three months of this year, the net rate for enterprises was 10.2 per cent.

In a recent interview with the Telegraph, John Timpson, head of the Timpson chain of high street key cutters and cobblers, recently declared that firms should "look for continuous improvement" in order to remain ahead of their competitors.ADNFCR-3058-ID-19899225-ADNFCR
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