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27/08/2001
Profit warnings issued by companies quadruple
The number of UK firms issuing profits warnings has more than quadrupled during the first six months of the year.
According to a recent report by business information service Hemscott, 325 listed UK firms have told investors that earnings would not be as high as previously expected. This compares with 89 in the same period last year.
The number of firms issuing multiple profits warnings, meanwhile, has shown an even sharper rise, from four in the first half of 2000 to 52 between January and June this year.
Hemscott's findings further highlight the impact the slowdown in the global economy is having on UK firms. Twenty companies have already published three warnings since January 2000, the survey found.
Among the companies issuing three warnings over the 18-month period, retailer Iceland and chocolate maker Thornton are among firms set to replace chief executives. (MB)
According to a recent report by business information service Hemscott, 325 listed UK firms have told investors that earnings would not be as high as previously expected. This compares with 89 in the same period last year.
The number of firms issuing multiple profits warnings, meanwhile, has shown an even sharper rise, from four in the first half of 2000 to 52 between January and June this year.
Hemscott's findings further highlight the impact the slowdown in the global economy is having on UK firms. Twenty companies have already published three warnings since January 2000, the survey found.
Among the companies issuing three warnings over the 18-month period, retailer Iceland and chocolate maker Thornton are among firms set to replace chief executives. (MB)
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29 October 2001
UK firms urged to plan for the worst
Accountancy firm Ernst & Young has urged executives to plan for lay-offs and asset sales, after finding a record level of profits warnings issued by firms in the UK.
UK firms urged to plan for the worst
Accountancy firm Ernst & Young has urged executives to plan for lay-offs and asset sales, after finding a record level of profits warnings issued by firms in the UK.
28 January 2002
Profit warnings rise to all-time high
A record number of UK companies issued profit warnings in 2001, according to new research from accountancy firm, Ernst & Young. The fourth quarter saw 49 firms issuing profit warnings, an increase of 10 per cent on the previous three-month period, and representing a record high for any year since records began.
Profit warnings rise to all-time high
A record number of UK companies issued profit warnings in 2001, according to new research from accountancy firm, Ernst & Young. The fourth quarter saw 49 firms issuing profit warnings, an increase of 10 per cent on the previous three-month period, and representing a record high for any year since records began.
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Warnings Issued Over Office 365 Phishing Scam
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05 August 2002
Small Firms Association warns of bleak future
The latest report from the Small Firms Association (SFA) has painted a bleak picture of the country's economic outlook. In its report the SFA warned Ireland was in danger of losing its competitive position and that the situation was deteriorating rapidly.
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26 July 2001
Union issues warnings over BT profit loss
Despite making some headway in reducing its amount of debt, British Telecommunications (BT) has revealed yet another quarterly drop in profits. Announcing figures for the second quarter, Chairman Christopher Bland said that BT had succeeded in reducing debt from the “unsustainable” level of almost £28 billion, as recorded in March of this year.
Union issues warnings over BT profit loss
Despite making some headway in reducing its amount of debt, British Telecommunications (BT) has revealed yet another quarterly drop in profits. Announcing figures for the second quarter, Chairman Christopher Bland said that BT had succeeded in reducing debt from the “unsustainable” level of almost £28 billion, as recorded in March of this year.
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