Summary
Eighty-five profit warnings were issued by UK-quoted companies in the third quarter of this financial year, with support service firms and media companies the worst hit, a report reveals.
The research by accountancy firm Ernst & Young found that 'difficult trading conditions' were blamed for profit warnings by more than 40% of the companies involved. Some 21% reported 'contract delays and cancellations' and 16% cited 'increased costs and overheads' as primary reasons for warning.See the full content of this document
Extract
Aim Companies Issue Majority of 85 Profit Warnings
Support service firms had...
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