Ernst & Young’s analysis of UK profit warnings | Profit warnings hit a six year low UK profit warnings hit a six-year low in the third quarter of 2009. There were 52 profit warnings from quoted UK companies during the Q3 of 2009. This is a year on year drop of 53%, and 17% less than the second quarter this year. Read the full report  427K, October 2009. Read the press release. UK Plc still has a difficult road ahead Research released today by Ernst & Young shows that UK plc issued 63 profit warnings in the second quarter of 2009, a year-on-year drop of 36% and the lowest second quarter since 2003. This significant drop may add to the increasing sense that we are nearing the bottom of the cycle, according to Ernst & Young, but the picture is more complex than the numbers suggest. Download the report  472K, July 2009 Read the press release. Treacherous times ahead for UK plc as profit warnings remain high in Q2 Ripples from the credit crunch spread far beyond financial services. London 13 July 2008: Research released by Ernst & Young today reveals that UK plc is experiencing treacherous conditions as profit warnings for the second quarter of 2008 hit 98; the highest second quarter figure since 2001 and up 11 per cent from Q2 2007. There were however at least a further 15 companies who stopped short of issuing a full profit warning stating that they would need to lower expectations if conditions did not improve. Read the full report 527K, July 2008 Read the press release. Profit warnings over 100 for third consecutive quarter Research released by Ernst & Young reveals that UK plc issued 117 profit warnings in the first quarter of Q1 2009, as the impact of the credit crisis continues to bear down on cash-strapped companies. This is the highest first quarter figure since 2001 and the third quarter in a row that UK plc has issued more than 100 profit warnings, vividly demonstrating heightened distress in the UK economy. Download the report 482K, April 2009 Read the press release. Credit crunch continues to bite business says Ernst & Young Research released by Ernst & Young today reveals that UK plc saw no respite in the first quarter of 2008 as profit warnings reached 114; the highest first quarter figure since 2001 and up 11 per cent from Q1 2007. Read the full report 475K, April 2008 Read the press release. Recession leads to highest number of profit warnings since 2001 Research released today by Ernst & Young reveals that UK plc is struggling as the economic outlook darkens, with profit warnings for the year to 31 December 2008 totalling 449, the highest yearly figure since 2001 and 17 per cent higher than 2007. Download the report 474K, January 2009 Read the press release. Sharp rise in profit warnings as companies feel the credit squeeze Research released by Ernst & Young reveals that all sectors of UK plc continue to be heavily impacted by the volatile global markets, with 111 profit warnings issued in the three months to 30 September 2008. This is the highest third quarter figure since Q3 2001 and up almost a third on Q3 2007. Size or status has proven to be little insurance against the current downturn. Download the report 492K, October 2008 Read the press release. Keep up-to-date Register to receive e-mail updates whenever a new Profit Warnings report is published. |
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