Region's Companies Stay Strong Despite Profits Warning Increase

Summary


West Midland companies have managed to remain strong as profits warnings issued by listed companies throughout the UK grew by more than a third during the first three months of 2004, writes John Cranage.

A survey published by Ernst & Young has revealed that nationally, 71 companies warned profits were failing to match expectations during the period, a rise of 19 on the 52 warnings issued in the last quarter of 2004.

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Extract


Region's Companies Stay Strong Despite Profits Warning Increase

However, the first quarter figure compares favourably with the 81 warnings in the same period of 2003.

Only one West Midlands-based plc issue...

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