Over a fifth of profit warnings
were said to have been triggered by currency headwinds in the first half of 2014, compared with just 3% last year.
There were 19 profit warnings
issued by North West companies, according to research released today by accountants Ernst & Young.
in the North-east and Yorkshire dropped from eight, issued in quarter four 2007, to six in the three months to the end of March, while other regions were posting increases, said accountants Ernst & Young.
Chris Grove, partner at BDO, said: "Despite several big retailers issuing profit warnings
in the last few days, actual consumer spending still looks strong, buoying up business confidence as we progress into 2005."
MT Hojgaard's other owner, the contractor Monberg & Thorsen A/S, also issued a profit warning
today, saying that it had adjusted its expectations for the full year from an after-tax profit of approximately DKK50m to a loss of DKK80m.
ICI plummeted four per cent yesterday after its German chemicals rival BASF issued a profit warning
A total of 28 companies in the region issued profit warnings
in 2017, a 17% increase on the previous year.
The report said slower-thanexpected sales continued to trigger most UK profit warnings
but 11 per cent of them in Q2 nationally relate to the EU referendum, with companies citing the impact of uncertainty on demand.
Quoted companies in the region issued six profit warnings
in the first quarter of 2015, compared with nine in the first quarter of 2013 and 10 in the first three months of 2014.
The report said profit warnings
also rose due to growing competitive pressure, geopolitical tensions and market volatility.
The two profit warnings
in Q4 both came from the industrial engineering sector, which saw the highest proportion of companies issuing profit warnings
in the West Midlands in 2013.
The number of profit warnings
issued by companies rose to a two year high in the first quarter of 2011, as rising inflation squeezed consumer spending power, a new report has claimed.