BusinessCompany NewsFSA to look at profit warnings

FSA to look at profit warnings

The markets regulator is to investigate whether investors were given enough advance warning of profit slumps

Companies will come under the spotlight of the Financial Services Authority
for disclosures in the lead-up to profit warnings.

The regulator is investigating whether investors were kept up to speed about
the financial health of companies before the profit warnings were issued, the
FT
reported
.

More than 40 FTSE 250 companies saw their share price decrease by more than
10% or more after profit warnings were issued according to research by Ernst
& Young.

Further reading:

FSA
issues suspension warning

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