Profit warning survey format obscures consultancy arm.
With a thud the latest profit warning survey from Ernst & Young hits the TS desk.
Coming with its own warning that, despite a drop in the numbers, things were certainly not getting better, TS was disappointed to see that the survey neglected to name the companies doing the ‘warning’.
Instead, the survey broke them down only by region and sector. Not much help at all.
This is a shame, as one of the names in lights would have been none other than Cap Gemini Ernst & Young, the consultancy spun off from E&Y last year.
Surely the warning would have been worth a mention, or was the subsequent drop in the share price just too much for the E&Y partners to stomach?