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Profit Warnings Reach Highest Level Since Recession

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Profit warnings reach highest level since recession

http://www.bbc.co.uk/news/business-35394180

The number of profit warnings posted by publically listed companies has reached the highest level since the last recession, according to a survey.

There were 100 warnings by companies listed on the London Stock exchange between October and December - the most since the start of 2009, it said.

Companies are obliged to warn their investors when they think they will earn less than previously expected.

The survey from consultants EY comes amid concerns for the global economy.

Traders fear a slowdown in China could see the world return to recession.

Output in China grew by 6.9% in 2015, compared with 7.3% the year before - its slowest growth in a quarter of a century.

Companies in the oil sector issued the most profit warnings, but retailers and travel firms also stood out.

The last time there were as many in a single quarter was the start of 2009, when Britain was in the middle of its deepest recession in modern times.

Some 17% of listed companies issued warnings over the course of 2015 - the highest percentage since 2008, the report said.

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Whenever anyhtin like that gets reported on the main news its probably a contra-indicator

BBC and Ch4 news middle of last week both with scary "oil price is collapsing due to Chinese demand" meme just before oil bounced nearly 20%.

Same with "20% collapse in equity prices = bear market!"

They cant help themselves, its part and parcel of numpty "news" media.

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Whenever anyhtin like that gets reported on the main news its probably a contra-indicator

BBC and Ch4 news middle of last week both with scary "oil price is collapsing due to Chinese demand" meme just before oil bounced nearly 20%.

Same with "20% collapse in equity prices = bear market!"

They cant help themselves, its part and parcel of numpty "news" media.

After oil dropped 75% from $120 to $30, a 20% bounce is sweet FA!

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After oil dropped 75% from $120 to $30, a 20% bounce is sweet FA!

It was last weeks collapse due to "chinese demand" they were citing. But they (as it typical) ignore the 20% rally because it doesnt suit their "world is ending" agenda.

Equities were UP on the week too, but you wouldnt know it from the media.

Theres a definite reporting bias, probably coupled with mental health issues (DOOM!!!)

Edited by R K

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It was last weeks collapse due to "chinese demand" they were citing. But they (as it typical) ignore the 20% rally because it doesnt suit their "world is ending" agenda.

Equities were UP on the week too, but you wouldnt know it from the media.

Theres a definite reporting bias, probably coupled with mental health issues (DOOM!!!)

Both were up because Draghi said he will print more money. Surely the signs of a strong recovery.

Edited by Eddie_George

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It was last weeks collapse due to "chinese demand" they were citing. But they (as it typical) ignore the 20% rally because it doesnt suit their "world is ending" agenda.

Equities were UP on the week too, but you wouldnt know it from the media.

Theres a definite reporting bias, probably coupled with mental health issues (DOOM!!!)

The mainstream media haven't even begun to wake up to the dreadful state that continued rounds of money printing and growth by debt have wrecked ever larger parts of the global economy. Not just oil, commodity markets, but malinvestment in general, currency chaos amongst those not big or ugly enough to print themselves out of their hole.

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The problem isn't money printing per se.

It's money printing in the way they've done it. If they just printed £1,000 for every man, woman and child, the world would be much better than letting banks print it for favoured clients.

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The problem isn't money printing per se.

It's money printing in the way they've done it. If they just printed £1,000 for every man, woman and child, the world would be much better than letting banks print it for favoured clients.

I'd rather not be given money. It devalues it and my work even further.

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