A more benign economic climate should keep the number of profit warnings
low, but below par growth will continue to create challenges.
Last year saw UK-quoted companies issue the most profit warnings
since the height of the financial crisis, according to Ernst & Young's latest Profit Warnings
Just three profit warnings
were issued by North West quoted companies in the first quarter of 2010 compared with 13 in the same quarter of 2009 - a year-on-year fall of 77% which mirrors the UK picture.
Its figures showed there were 282 profit warnings
issued in 2009.
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.
In the City, the picture was equally grim, with a raft of industrial profit warnings
and job cuts hitting the FTSE 100, which fell 85.
UK quoted companies issued 68 profit warnings
in Q3 2012, a third more than the same quarter in 2011, and
A combination of fiscal stimulus, cost cutting, heavily depressed market expectations, and a recovering economy helped many companies to exceed earnings forecasts in the second half of 2009, keeping profit warnings
low in most sectors.
Across all sectors, there were a total of 449 profit warnings
during 2008, 17 per cent higher than in 2007, and the highest level since 2001.
THE West Midlands received another economic jolt today after profit warnings
in the region more than doubled in the first half of 2007.
New research by accountants Ernst and Young has shown profit warnings
issued by North-east quoted companies in 2005 increased by 53pc compared to 2004.
Shares in the world's largest mobile phone company slipped 5p to 157p on fears of new profit warnings
across the technology sector.