By Guy Taylor Andrew Sykes, the Wolverhampton-based heating and air conditioning equipment group, posted record profit in 2023 despite inflation and a “tight labour market.” Operating profit increased by 5.6 per cent to £22.7m even as revenue declined 5.1 per cent year-on-year. Turnover was also down 11.5 per cent which the firm said reflected “exceptional weather” experienced across the UK and Europe over the summer months in 2022. The company said increasing interest rates in the UK and Europe had enabled it to generate increased returns on its cash reserves, contributing to a small increase…