Profit warnings on the increase as West Midlands firms feel the squeeze
The third quarter saw a steep rise in the number of profit warnings issued by firms in the West Midlands.
The figure rose from zero in the second quarter to five in the three months to September, with the most serious being that issued by Wolverhampton-based Carillion.
According to EY’s latest Profit Warnings report, the increase in profit warnings recorded from July to September reflects the unpredictable economic climate.
West Midlands quoted companies have issued nine profit warnings so far in 2017, the same number of wa... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
