Profit warning reports at highest since crash

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Company profit warnings are at the highest level since the start of the financial crash in 2008, according to Ernst & Young. 

In its quarterly profit warning report, the Big Four firm reported 86 warnings from listed companies in the final quarter of 2012. 

This brought the total warnings to investors issued through the stock exchange in 2012 up to 287, the highest level since 2008.

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