Jump to content
House Price Crash Forum
Sign in to follow this  
The Colour

Profits On High St Almost As Bad As 2001

Recommended Posts

http://newsvote.bbc.co.uk/1/hi/business/6899536.stm

Profit warnings issued by UK-listed firms are at their highest level since the low point of the technology-led stock market crash in 2001.

In the first half of 2007, 191 companies cut earnings forecasts, 13% more than in the same period in 2006, research by Ernst & Young has shown.

A shortfall in sales was the most often quoted reason for warnings, suggesting a downturn in the UK economy.

Software and support services firms issued the most earnings downgrades.

More than 230 profit warnings were issued at the beginning of 2001 at a time when the UK stock market had almost halved in value since its exuberant peak in the final days of the dotcom boom.

Edited by The Colour

Share this post


Link to post
Share on other sites

house builders to follow suit. When you think about the high street it's all so bloody obvious, consider M&S, tart up shops, massive ad campaign, buy in clothes manufactured in China/Vietnam, initially lots of folk go back there to buy over priced grub and to pick up the odd sweater/cheap suit for 50 quid when times are good, as soon as disposable income shrinks folk go back to Asda/Tesco etc and spend less and M&S issue very early profits warning.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.