Subsequently, Sarbanes-Oxley (SOX) was passed in 2002 imposing additional regulations on financial disclosure requirements of management affecting its decision to issue, or not issue, a profit warning
This figure represents the lowest number of first quarter profit warnings
in 10 years.
The positive outlook in the West Midlands appears contrary to the overall national trend, which has seen higher than expected profit warnings
across the UK and demonstrates that, whilst there is increasing confi-dence, it's still a tough environment in which to plan and forecast.
Former Lovefilm boss Calver took over from Ben Gordon in April 2012, who stood down "by mutual consent" after another profit warning
in the North-east and Yorkshire dropped from eight, issued in quarter four 2007, to six in the three months to the end of March, while other regions were posting increases, said accountants Ernst & Young.
Companies in the West Midlands issued six profit warnings
in the third quarter of 2014, two more than the previous quarter of this year and two more than the same quarter of 2013.
Similar profit warnings
were issued a day earlier by Bank Leumi (TASE: LUMI) and First International Bank.
COMPANIES in the North East and Yorkshire have issued more than double the number of profit warnings
in the first quarter of this year, compared with the previous quarter.
An analyst with Israel-based Clal Finance Batucha has opined that Bank Hapoalim (TASE: POLI) may have to report a profit warning
Finnish non-wovens and speciality papers producer Ahlstrom Corporation (OMX Helsinki:AHL1V) issued on Thursday (11 September) a profit warning
for the full-year 2008.
BUDGET airline easyJet could axe a number of unprofitable routes from its flight schedule after last week's shock profit warning
SFI - the group which owns the Slug & Lettuce wine bar chain - saw its shares plummet by two thirds after it shocked the City with a profit warning
, axed its dividend, and said it was operating over its overdraft limit.
following the profit warning
issued by the insurance group today.
Simrad Optronics on Monday also issued a profit warning
for the full year 2006, saying that due to non-recurring costs and delivery delays the profit will be weaker than previously expected.
ABBEY National boss Ian Harley yesterday faced the unenviable task of explaining this week's profit warning
to big City shareholders as investors eyed the bank's pounds 2.