THE number of north west quoted companies issuing profit warnings rose in the second quarter of the year, against the national trend, according to research from Ernst and Young.
Seven warnings were issued in the region, compared with four in the previous quarter.
Nationally, the number of warnings dropped from 91 to 67 - the lowest number recorded since the first quarter of 2000.
Keith Hinds, corporate restructuring partner with Ernst and Young in Manchester, said that though the regional increase was disappointing, he did not think it was cause for great concern, pointing out that the north west had been ahead of the national average in the previous quarter and that the number of warnings was only slightly ahead of the five recorded for the same quarter in 2001.
"The continued decrease overall is still encouraging, as it suggests that companies are getting better at forecasting market conditions in the current economic climate," he said.
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