A DRASTIC drop in negative announcements by UK companies means they are managing market expectations more effectively, business turnaround specialists report.
Mr Mike Seery, a Manchester-based partner with KPMG Corporate Recovery, believes a fall-off in profit warning is the result of managers setting more realistic targets. Latest figures for the UK show a 22 per cent decrease in negative announcements across 21 sectors for the first six months of 2001 compared to the same period in 2000. The North-west did better still, recording a 26 per cent fall. The research, compiled for KPMG by Mandis Information Services, reflects the number of UK public and private companies making negative announcements of any kind on subjects including profit warnings, redundancies and significant restructurings.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article