Number of profit warnings at listed firms climbs to seven-year high

By Dave Rogers and Hamish Champ2020-03-03T06:00:00

EY figures come as host of contractors prepare to unveil latest results

As the reporting season of listed contractors begins in earnest this week, the number of quoted firms issuing profit warnings has reached a seven-year high.

Ground engineer Keller, which last September saw the departure of its chief executive Alain Michaelis as the firm warned of problems in its key North America market, kicked off a busy period for quoted firms this morning seeing pre-tax profit bounce back to £52m after collapsing last year to just £8.4m, with Kier, Costain, Balfour Beatty and Galliford Try all due to report full year and interim figures in the next couple of weeks.

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