UK profit warnings jump to the highest since 2024 ahead of the Budget, EY says

Summary

EY's latest profit warning report showed that 65 UK-listed companies warned over profits in the three months to the end of September, as profit warnings jumped to the highest since 2024 ahead of the Budget, the Evening Standard and The Independent reported on Monday 19 October. Almost a fifth of listed companies, 17 per cent, have issued at least one profit warning over the past 12 months, The Independent reported. City A.M. wrote that businesses issued 65 profit warnings during the period, up from 59 in the second quarter, as an energy shock brought on by the Iran war fuelled inflation.

Latest: The Evening Standard again reported that EY's latest profit warning report showed 65 UK-listed companies warning over profits in the three months to the end of September, as UK profit warnings jumped to the highest since 2024 ahead of the Budget.

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