Brexit spoils the party as firms reveal strong H1 results

July 26, 2016

The uncertainty surrounding Brexit is undermining a string of strong financial results from manufacturers throughout Europe.

Despite record results, there is a consistent message of caution caused by the uncertainty of the UK’s vote to leave the EU, which firms fear could hamper growth in the second half of the year.

General Motors warns that despite a profitable H1 2016 in which profits reached $137 million compared to a loss of $45 million for the same period last year, the outlook could be ‘adversely impacted’ by Brexit.

Volvo was also cautious because of Brexit, despite seeing profits triple in H1.

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March 31, 2017

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