More profit warnings issued in UK tech than any other sector - report

Marian McHugh
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More profit warnings issued in UK tech than any other sector - report

'Clear parallels' between economy now and that of last financial crisis, according to EY

The tech sector issued the most profit warnings in the UK in the third quarter of 2019, according to research by EY. The sector submitted 10 of the overall 77 warnings issued for the three months to September. Profit warnings are given when companies have to inform their investors that profits will not hit previous expectations. EY breaks the tech sector into two categories: software and computer services and technology hardware and equipment. The former issued the most cautions - al...

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