Profit warnings at Scottish PLCs can be ‘knockout blow’



Investors and lenders are acting much faster when struggling stock market quoted companies issue a string of profit warnings, according to new figures out today.
A third consecutive profit warning often proves to be a “bruising” or a “knock-out blow” for listed businesses in Scotland, with 11 per cent of companies north of the Border facing a major restructuring event, including an administration, distressed sale, or debt restructure within a year.
Analysis by EY based on the last 20 years found that almost one in five Scottish PLCs have de-listed with a year of issuing three or more... read more

 
10 December 2019 in Business, Views: 26
Source: Scotsman
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