UK-listed companies issued 65 profit warnings between July and September, the highest quarterly total since the end of 2024, according to analysis by EY-Parthenon published ahead of John Healey’s first Budget on 28 October.
The total was up from 59 in the previous three months. More than half of the companies cited government policy and geopolitical uncertainty for the worsening outlook, EY-Parthenon found.
The consultancy said 35 per cent of third-quarter warnings blamed rising costs, the highest share since the end of 2022, when the figure reached 41 per cent at the peak of the cost of living crisis. Nearly a fifth (17 per cent) of all UK-listed businesses have issued at least one profit warning in the past 12 months, it said.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
