The positive outlook in the West Midlands appears contrary to the overall national trend, which has seen higher than expected profit warnings
across the UK and demonstrates that, whilst there is increasing confi-dence, it's still a tough environment in which to plan and forecast.
So far this year, 13 profit warnings
have been issued in the West Midlands from a variety of sectors - the same figure as the annual total of profit warnings
issued in the region last year.
There were 54 profit warnings
issued by UK quoted companies during the first quarter of 2010 compared to 117 in the same quarter of 2009, a year-on-year fall of 54%.
The setbacks come just days after the collapse of the Oddbins off-licence chain and profit warnings
from Dixons, Mothercare and HMV.
COMPANIES in the North East and Yorkshire have issued more than double the number of profit warnings
in the first quarter of this year, compared with the previous quarter.
Similar profit warnings
were issued a day earlier by Bank Leumi (TASE: LUMI) and First International Bank.
NORTH-EAST plcs are weathering the credit crunch better than any other region in the first quarter of 2008, as profit warnings
dropped by 25%, according to latest research.
Zeev said, 'We believe that that Bank Hapoalim is liable to publish a profit warning
for the fourth quarter.
The latest profit warning
is the climax of a traumatic two and a half year period for Stagecoach.
following the profit warning
issued by the insurance group today.
A dozen firms blamed adverse weather for issuing a profit warning
- the highest number since the winter freeze of 2010-11.
Summary: Electronics giant Philips has issued a profit warning
as its lighting and consumer electronics divisions showed a steep decline in sales.