Two-in-three DB sponsors issue profit warnings in 2020
90% relate to Covid-19
EY: “Mounting red flags of financial stress” have meant almost two-thirds of listed companies with DB schemes have issued profit warnings this year.
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.
The auditor's quarterly analysis of UK profit warnings, released today (26 October), showed a total of 228 profit warnings were issued by listed DB scheme sponsors in the first nine months of 2020. A total...
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