A total of 17 profit warnings
were declared to the market last year, up from 12 in 2016, according to the latest Profit Warnings
report published by EY.
The West Midlands followed the national trend as 81 profit warnings
were made in Q4 2017, up from 75 in Q3 and 11 per cent higher than the same quarter of 2016.
A total of 28 companies in the region issued profit warnings
in 2017, a 17% increase on the previous year.
A report by EY showed there were 14 profit warnings
from listed businesses across the Yorkshire and North East regions in the third quarter of 2017 - up from five in second quarter and eight higher than thei third quarter of last year.
It comes just weeks after the Financial Conduct Authority launched an investigation into Mitie relating to a 2016 profit warning
The research contrasts strongly with the UK picture where the number of profit warnings
jumped to 66, nine more than the same period latest Profit Warnings
report by financial services firm EY.
That's according to a new analysis by professional services firm EY, which said that the number of profit warnings
was the highest seen in the three months to June since the peak of the financial crisis in 2008.
Quoted businesses issuing profit warnings
hit 76 in the first three months of the year, down from 77 in the same quarter of 2015, the EY profit warnings
Accountancy firm EY's latest Profit Warnings
report showed that July/August/September showed the second successive quarterly fall in profit warnings
in the region after eight were recorded in the first quarter of 2015, the highest number since Q1 2013.
Key words : voluntary disclosures, profit warnings
, economic cycles JEL Classification : C12; C82; E32; M41; 016
Herrick's position was reportedly called into question after two profit warnings
in nine months led to analysts questioning the credibility of his financial guidance.
Summary: Profit warnings
by listed companies have seen the biggest quarterly rise for over a decade in the final quarter of 2011.