Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Donkey's Inn -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (459)	10/8/2001 2:30:18 AM
From: Mephisto	Respond to of 15516

Profits WARNINGS more than double Richard Wachman, City editor Sunday October 7, 2001 The Observer Profits warnings from companies listed on the London Stock Exchange jumped by 135 per cent in this year's third quarter against the same period in 2000, according to research out today. Hemscott business information group reports that the number of profits warnings rose from 77 to 181, with many groups issuing bearish trading statements for the second or third time since January. Warnings came from all sectors and included engineering company Invensys, music group EMI and office provider Regus. The final quarter has started badly, with companies such as Cookson, the industrial services concern, and BAA, the airports operator, publishing gloomy forecasts last week. Cookson's profits warning was the fourth this year and was accompanied by a statement that it would scrap its final dividend as well as embark on another round of job-cutting. BAA said the terror attacks on the United States are expected to lead to a 20 per cent drop in profits and that in the first week after the atrocities passenger volumes through Heathrow Airport fell by 21.7 per cent. In the summer, Hemscott published figures showing that the total of profits warnings issued by British firms in the first half of 2001 had quadrupled. Multiple warnings from companies have risen from four to over 100. observer.co.uk