Libby and Tan (14) experimentally demonstrated that if firms release profit warnings
, management has more integrity and analysts were more likely to continue coverage and to hold the firm's securities as well as minimizing the damage to the analyst's own reputation for not divulging a profit warning
There were 54 profit warnings
issued by UK quoted companies during the first quarter of 2010 compared to 117 in the same quarter of 2009, a year-on-year fall of 54%.
Tom Lukic, EY's restructuring partner in the Midlands, said: "The low number of profit warnings
in the West Midlands is a sign of an improving local economy and is consistent with the growth we're seeing across the region.
The chain was forced to issue a profit warning
six weeks after revealing group worldwide sales fell 6.
Migdal said that it was issuing the profit warning
because of 'information included in reports to the public by Generali, the controlling shareholder in the company, in Italy.
NORTH-EAST plcs are weathering the credit crunch better than any other region in the first quarter of 2008, as profit warnings
dropped by 25%, according to latest research.
UK quoted companies issued 69 profit warnings
in the third quarter of 2014, the highest third quarter total since the recession, with nine per cent of these warnings issued from the West Midlands.
Israel Discount Bank (TASE: DSCT) has become the third bank in Israel to issue a profit warning
Finnish automation solutions developer Cencorp Corporation (OMX Helsinki: CNC1V) issued on Thursday (18 September) a profit warning
for the third quarter of 2008.
The latest profit warning
is the climax of a traumatic two and a half year period for Stagecoach.
Housebuilders have not issued a profit warning
since late 2009 and a rising market, wider mortgage market and the Government's new housing scheme should provide a significant boost.
Communications networks specialist Norcon plc (AIM:NCON) issued a profit warning
today, reporting that its pre-tax profit and net income for the year will now be lower than market expectations.