Summary
PROFIT warnings soared to an eight-year high in the first quarter of 2009, with economists warning that the tone of company statements has darkened and the worst is yet to come.
Almost 120 listed companies raised the alarm in the first three months of the year, the highest number since 2001, as the impact of the credit crisis continues to bear down on cash-strapped companies.See the full content of this document
Extract
Profit Warnings Hit Record
With a host of well-known names having already disappeared fro...
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