Into the Unknown

This report by EY finds that UK quoted companies issued a record 301 profit warnings in Q1 2020, higher than the average annual total. Three-quarters of warnings cited the impact of COVID-19.

Key points include:

301 profit warnings were issued in Q1 2020, compared to 313 in the whole of 2019
21 percent of UK quoted companies warned in Q1 2020 - higher than the percentage of companies warning in the whole of 2008
77 percent of warnings in Q1 2020 cited COVID-19
FTSE Travel & Leisure companies have been most dramatically affected, with 70 percent of the sector warning.

Share this with your Community

DOWNLOAD INSIGHT

Related Insights

Read, watch & listen to some of the latest thought leadership from our Community.

Driving Growth and Value as C...

Ithaca Energy has developed into a major player in the North Sea oil industry during Iain Lewis’ three years as CFO. In this interview with Criticaleye, he discusses the company’s IPO in 2022, its M&A st...

Embracing the Human-AI Partne...

Singtel faces a rapidly changing environment as geopolitics, customer expectations and AI reshape its business. In discussion with Criticaleye Senior Editor Bridgette Hall, Group Chief People & Sustainability Office...

Reaching New Heights at Guoco...

After four years in the Group CFO role at one of Singapore’s most prominent real estate developers, GuocoLand Group, Andrew Chew talks to Jacob Ambrose Willson about stepping up from regional CFO to Group, managin...