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Financial directions - Fewer profit warnings on record for UK firms in Q2.
(From Financial Director)
Warnings decrease
UK businesses recorded 1,357 profit warnings in Q2 2003, a 9% drop on the previous quarter (1,491), according to KPMG and Mandis research. But the retail sector has seen a 31% increase in profit warnings year-on-year. www.kpmg. co.uk
Hidden costs
Two-thirds of European CFOs are not fully aware of the business benefits or the potential hidden costs of IT projects undertaken by their organisation, reveals Unisys. It finds that 40% of the 200 respondents do not know how to source all the information needed to establish IT's total impact on their business.
www.unisys.com
Pension watch
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