Almost half of FTSE100 companies missed analysts’ estimates by more than 10%, a new study by Parson Consulting reveals.
Underperformance was most prevalent in sectors like healthcare and pharmaceutical, services, utilities and telecoms and consumer and retail.
In a comparative survey based on analysis of S&P500, 20% of US companies achieved their eps forecast, with most US companies overperforming relative to their forecasts.
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Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
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