Profit warnings: Warning signs

There is never a really good time to deliver bad news. But some times are less bad than others. The current period of financial turmoil could be one of them. Wolseley, DSG International and Signet are the latest to issue profit warnings. These mid-sized UK companies join a fairly distinguished global list – Ericsson, FedEx, Starbucks and what feels like just about every financial company out there. Tolstoy said that each unhappy family has its own story. Few of today’s unhappy companies have di...