Last year’s LB100 report saw firm leaders bullish, overwhelmingly characterising a boom market, even as macroeconomic indicators had started to flash warning signs.
This year, it seems, some of the confidence of stellar recent years has finally started to dwindle. Revenue has continued to grow, though at a slightly slower rate: with turnover up on average 8% across the LB100 table, to a total of £33.77bn. For context, this is one percentage point less than the 9% increase in the group’s top line to £31.35bn recorded in 2022.
