This week’s blog comes from Alan Hudson, EY Head of UK&I Restructuring In 1999, when EY started to track UK profit warnings, the dot.com boom was full swing, the euro started trading and businesses were preparing for Y2K – the so called “millennium bug”. Two decades and over 6000 profit warnings later, we’ve gathered a … More What can 20 years of profit warning data tell us?
This week’s Capital Agenda Blog comes from Alan Hudson, Head of UK Restructuring. In the last year, we’ve been talking about UK companies issuing the highest number of profit warnings since the global financial crisis. But, in our latest analysis, we’ve had to go back even further to find our reference point. In Q2 2019, … More Where is uncertainty hitting hardest?
This week’s post comes from Dougald Middleton, Partner in UKI Transaction Advisory Services at EY. The middle class is shrinking in the UK and in almost every developed economy. The structural drivers that rebalanced employment towards managerial and professional roles are weakening – along with economic growth rates – and this turnaround in fortunes is … More What happens when we lose the middle?
This week’s Capital Agenda Blog comes from Alan Hudson, Head of UK Restructuring. UK quoted companies issued 89 profit warnings in the first quarter of 2019. This is the highest first quarter total since 2009. Indeed, our EY Profit Warning Stress Index has only been higher twice before – both times during the last recession. … More Has UK plc lost its earnings compass?
January has two faces. On the one side, a global market rally, on the other rising global risks. There’s an obvious tension here. The rally seems largely based on investor expectations that these rising risks will slow the pace of US interest rate rises. But, 2019’s risks look broader and deeper than 2016, when we … More 2019, the story so far…
This week’s Capital Agenda Blog comes from Alan Hudson, Head of UK Restructuring and Kirsten Tompkins, UK&I Transaction Advisory Services Content Editor. The Capital Agenda Blog usually starts the year with predictions for the 12 months ahead…but where do you start? The only thing we can predict is unpredictability – not least because Brexit isn’t … More What price uncertainty?
This week’s Capital Agenda Blog comes from Adrian Browne, UK&I Transaction Advisory Services Markets Leader, and Kirsten Tompkins, UK&I Transaction Advisory Services Lead Content Editor. What stands out most from our 2018 word cloud is ‘More’. We clearly used that word a lot! This last year had more volatility, more uncertainty, and more disruption – but … More What happened in 2018?