UK listed company profit warnings rise for seventh consecutive quarter

Highest Q2 total in three years

Profit warnings from UK listed companies have risen year-on-year for the seventh consecutive quarter, the longest run of consecutive quarterly increases since 2008.

According to EY-Parthenon's latest Profit Warnings report, UK listed companies issued 66 profit warnings between April and June 2023, the highest second quarter total in three years. In the last 12 months, 17.9% of public companies have issued a profit warning, marking the highest level since the Global Financial Crisis in 2008, excluding the Covid-19 pandemic.   Stubborn inflation and a rising interest rate environment have driven a tighter and more expensive lending environment, which has played an important role in the warnings for the quarter, the report noted. UK company profi...