A report by accountancy firm Ernst & Young (E&Y) has found that the number of profit warnings fell to a seven year low in the second quarter of the year to 45, from 54 in the previous quarter.
It was the first time profit warnings fell below 50 since 2003.
However, according to E&Y, measures introduced by [...]
A report by accountancy firm Ernst & Young has found that the number of profit warnings fell in the first quarter of 2010.
According to E&Y, profit warnings by UK companies fell to a decade low in the first three months and will boost hopes that the economy is recovering.
The accountancy group said the number [...]
Accountancy firm Ernst & Young (E&Y) has been criticised in a 2,200-page report over the collapse of Lehman Brothers, and could face legal action as a result.
The report has accused E&Y of negligence, while senior management at the bank were said to be involved in “lazy accounting gimmicks” to conceal the fact that the bank [...]
A survey by accountants PricewaterhouseCoopers (PwC) revealed that many business managers are concerned that Britain is heading towards a double-dip recession (whereby the economy goes into recession twice without having undergone a full recovery in between.)
Last week, official figures revealed that the UK economy grew by 0.1% between the October and December period, suggesting that [...]
A report by accountancy firm Ernst & Young has found that the number of profit warnings fell by 37% (a six-year low) in the final quarter of 2009.
A fall in profit warnings was unexpected since the recession led to many firms experiencing a slump in profits.
However, Ernst & Young said firms should brace themselves for [...]
Accountants Ernst & Young (E&Y) have reported that the number of profit warnings by UK Plcs has stabilised but cautioned that the economy still had a “difficult road ahead”.
The group said 63 profit warnings were issued in the April-June period – a year-on-year drop of 36% and represents the lowest second quarter figure since [...]