The companies that will land in Spain by the BrexitEl Democratic Party boicoteará actively Brexit if this affects the border irlandesaEl Brexit and a rise in taxes are clouding the future of the tourism sector
The Brexit was mentioned in nearly one out of every five sales of the forecasts of benefits (the”profit warnings”), launched by the listed british in the second quarter of 2019, according to the analysis, “Uncertainty bites” prepared by the auditor, EY. Specifically, the proportion of companies that alludes to this reason grows from 10% to 19% if you make a comparison with the first quarter of the year.
the analysis shows that the prolonged political and economic uncertainty in the Uk has had an impact on confidence and business activity . As well, 69 quoted british launched the “profit warnings between April and June, compared to the 58 that did so in the same period last year. Although this figure is the highest recorded in the second quarter since 2008, what is certain is that it has been reduced by 22% compared with the first quarter of 2019, when the number of companies that have announced sales forecast was 89.
Retail (10), Chemistry (6), Constructions and Materials (6), Financial Services (6) and Support Services (6) were the sectors the indicator FTSE that more “profit warnings announced between April and June. The report reveals that, in this period, a wider variety of sectors issued sales forecast in comparison with the first quarter.
however, Financial Services (5), Real Estate (4) Travel and Leisure (4) have been the businesses with the most “profit warnings” related to the process of going out of the United Kingdom of the European Union in the last year, as a result of the impact it can have on the trust investors, and on possible changes in tariff barriers.
on the other hand, the report indicates that the first day of trading after the launch of “profit warnings” the companies presented a average decrease in the stock price of 20.9% , above of 17.6% for the previous quarter. So far this year, the sectors with the falling of stock market more pronounced in the wake of presenting these sales forecasts were Technology, Industry, and Services to the Consumer.
