Low oil prices lead to highest number of first-quarter profit warnings since 2009
The low price of oil has caused the number of profit warnings issued by UK-listed companies to go up, according to a report by Ernst & Young (EY).
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Another factor EY believes had a negative impact was "growing competitive pressures" and a spokesman from the firm told the BBC it was "still a tough environment in which to plan and invest".
The recovery hasn't increased predictability and companies still have little room for manoeuvre when things go wrong, such as a lost contract, adverse currency movement or price drop.
Although the number was a five-year record low for the first quarter of the financial year, there were 15 fewer profit warnings than the previous quarter at the end of 2014, indicating the impact of low oil prices may be waning.