Listed construction firms issued the most profit warnings in the second quarter of this year, a report by Ernst & Young has found. Seven listed UK construction firms - including Sweett Group -issued profit warnings over the period, more than any other sector. It was the highest number of profit warnings for construction in any quarter since the credit crisis of 2008. The spate of profit warnings means 41% of construction and materials companies listed on the FTSE have now issued profit warnings over the year to June 2012. Ernst & Young said the sector was feeling the impact of contracting credit, low confidence, fiscal tightening and the halt in PFI projects.
展开▼
