What the papers say: Jarvis adamant in face of critics

After its third profit warning in as many months, media coverage of Jarvis was unlikely to be good, but the forthright nature of headlines has a way of encapsulating the worst of an unfortunate state of affairs.

‘Jarvis: the bad news or the bad news?’ asked citywire.co.uk (15 April), while The Times intoned: ‘Jarvis crisis deepens.’

Jarvis’s financial statement was a catalogue of tribulation: profit warning, £5m losses in core business, the resignation of its FD, and so on. ‘At the moment Jarvis is in the intensive care ward,’ said The Scotsman (16 April).

Yet one man refused to be cowed. ‘It’s been a challenging year,’ said CEO Kevin Hyde. Master of the understatement or down-to-earth realist? The results were not good, but Hyde stood firm.

Whether or not Hyde had ‘been through the “think positive” school of management speak’ was irrelevant, said The Times (16 April). He presented the key messages of change: ‘substantial restructuring’, the sale of non-core businesses, and transparency. A dismal week, but possibly a brighter future.

Analysis conducted by Echo Research from data supplied to PRWeek from NewsNow.



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