UK profit warnings at highest level since start of pandemic

EY-Parthenon’s report finds that warnings in Q3 from UK-listed companies were up 69% year-on-year.
86 UK-listed businesses issued profit warnings in the third quarter of 2022 – the highest Q3 performance since the 2008 recession. Consumer-facing companies were predominantly impacted and a majority blamed rising costs, largely driven by a sharp inflation surge. 
According to EY-Parthenon’s latest Profit Warnings report, the poor performance was often focused on co