M&S staff mutiny over cuts to redundancy plan
August 20, 2008
Sir Stuart Rose has tackled Jeremy Paxman on pants and confronted the biggest
institutional investors in the City, yet the Marks & Spencer executive
chairman is facing his biggest test of the year - a mutiny among his own
workforce.
Here comes the wave of profit warnings
IT is not just Bradford & Bingley, the mortgage bank, that is going to have to issue a profit warning. Just about every quoted company that has benefited from the last property boom — from housebuilders and estate agents to financial services and developers — is seeing profits go into freefall.
Sony issues profit warning after weak first quarter (AFP)
AFP - Japan's Sony Corp. issued a profit warning Tuesday after its first-quarter net earnings slumped by almost half from a year earlier amid tough business conditions. 
Sharp rise in UK profit warnings
The number of profit warnings issued between April and the end of June rises 11% to the highest level since 2001.
UBS Likely to Issue Profit Warning
UBS is expected to issue a profit warning amid continued deterioration in the mortgage-backed-securities market.
Bradford & Bingley to issue profit...
BRITAIN’s biggest lender of buy-to-let mortgages, Bradford &
Bingley, which is in the middle of a rights-issue roadshow, will stun the
City this week with a profit warning...
British Airways boss Willie Walsh...
The pressure on Willie Walsh, chief executive of British Airways, is set to
intensify as he announces a further profit warning today and faces a pilots’
strike within ten...
Bovis sets out new profit warning
The housebuilder Bovis Homes has issued another profit warning, as credit for borrowers remains tight.
Findel shares dive on shock profit...
Shares in one of Britain’s biggest home shopping groups have collapsed by more
than 35 per cent after a shock profit warning understood to have been
triggered by its auditors.
Woolworths shares crash to seven-year low after profit warning
Shares in Woolworths crashed this morning to a seven-year low after the retailer issued a profit warning, saying that sales declined in the first half.
M&S profit warning leaves retail sector reeling in shock
Marks & Spencer sent shockwaves through the retail sector yesterday when it unveiled a profit warning and parted company with the head of its food business. 
Sony issues profit warning
Japan's Sony issued a profit warning after its first-quarter net earnings slumped by almost half from a year earlier amid tough business conditions.
Profit warnings 'most since 2001'
Profit warnings from UK-listed firms in the first three months of 2008 hit their highest level for a first quarter since 2001.
Profit warnings surge amid gloom
ANALYSTS are braced for a grim week of UK economic news, which will further
unsettle the markets and underline the dilemma the Bank of England is facing.
Stocks fall following jump in oil,...
Wall Street extended its losses Wednesday as a rise in oil prices and a profit warning from United Parcel Service Inc. raised investors' anxiety about the well-being of the...
TomTom falls after profit warning
TomTom shares fall by 10% after the Dutch satellite navigation company issues a profit warning.
Marks & Spencer value slumps as Sir...
Sir Stuart Rose faces an unprecedented backlash at the Marks & Spencer
annual meeting next week after triggering a £1.2 billion slide in the
group’s share price with an...
Sony Ericsson issues second profit warning of the year, hopes to break even in Q2
Although Sony Ericsson just churned out a rather impressive array of new handsets this month, it seems the outfit is still having trouble securing record-setting profits. Truthfully, it's struggling to break even, as evidenced by the second profit warning of 2008 that was issued last week. SE is pinpointing "disappointing European sales of its mid- and high-end mobile phones" as the reason it will likely not see a profit in Q2, and some analysts are suggesting that shipment delays and a dearth of low-end handsets also carry a share of the blame. 'Course, the hotly-anticipated Xperia X1 could certainly make for a lovely Q3, but only time will tell if enough folks shell out for it to make a difference.Read | Permalink | Email this | Comments
UBS Likely to Issue Profit Warning
UBS is expected to issue a profit warning amid continued deterioration in the mortgage-backed-securities market.
Sony Ericsson issues profit warning...
AP - Mobile phone maker Sony Ericsson warned Friday that it will just break even in the second quarter as worsening market conditions cut into sales.
Hong Kong stocks slide amid China...
Hong Kong's stock market dipped Monday after a volatile session, weighed on by central government moves to restrict credit and a profit warning from the country's largest...
Finnish paper makers UPM, Stora,...
Leading global paper makers UPM-Kymmene and Stora Enso issued profit warnings Wednesday, saying they have been hit by high fuel costs and wood prices.
Shares in BlueBay Asset Management...
Shares in BlueBay Asset Management, the London-based hedge fund, tumbled by as
much as 19 per cent this morning after its management warned that its
full-year pre-tax profit...
John Browett's uphill task after...
If there were any investors left in the retail sector who thought that the
high street could not get any worse after such a poor Christmas period, then
the trading update...
TomTom Shares Fall on Profit Warning
Shares in navigation device maker TomTom NV fell sharply Tuesday after the company cut financial estimates for 2008, blaming weak pricing power and retailers' stocking fewer of...