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06 Apr 2009
One hundred and seventeen British companies joined the 300 that have already listed profit warnings in the past nine months, Ernst & Young has discovered.
It's the highest number of companies to concede lower than expected earnings since 2001.
Numbers aside, the "tone" of the messages contained in company announcements has darkened, EY insolvency partner Keith McGregor told The Independent.
The findings contradict recent suggestions of "green shoots" following a survey from the Confederation of British Industry that found the effects of the credit crunch were becoming less severe for companies.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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