UK business in good shape, says survey
UK business is in good shape despite the turbulence currently being felt in the British housing and retail sectors, new figures showed today.
Business advisory firm KPMG said the number of negative alerts – such as profits warnings or the announcement of redundancies or significant restructuring – fell 14% in the final three months of 2004.
A total of 1,154 warnings in the final quarter compared with 1,339 warnings during the same period a year ago and came despite higher borrowing costs and the rapid increase in oil and other commodity prices.
