News Tag: profit warning
October 22, 2009
Bus and train operator National Express has today issued a profit warning and is to proceed with a £350 million rights issue within weeks to strengthen its balance sheet as it struggles under a mountain of debt totalling almost £1 billion.
Analysts say the rights issue will be completed before Christmas. Meanwhile, the company said trading conditions "remained ...
National Express issues profit warning and announces £350m rights issue
by Kay Murchie
January 11, 2009
Research by accountancy group Ernst & Young (E&Y) has found that profit warnings by firms listed on the London Stock Exchange reached a 7-year high last year.
E&Y said that the number of profit warnings by UK-listed companies was 449 in 2008, 17% higher than the previous year.
The economic downturn has had a major impact on almost all industries and according ...
Number of profit warnings hit 7-year high
by Kay Murchie
June 2, 2008
Shares in Bradford & Bingley (B&B) tumbled by 30% this morning after the UK's biggest mortgage lender, issued a profit warning.
It made an £8 million pre-tax loss in the first four months of 2008, compared with £108 million profits the same time last year. B&B said problems with its buy-to-let mortgages as homeowners struggle to repay loans, are the root of ...
B&B issues profit warning, shares suspended
by Kay Murchie
