Profit warnings from UK-listed firms at highest level in two years as Iran war drives up costs

UK-listed companies have issued a record number of profit warnings in the past three months, marking the highest level in two years, according to a new consultancy report. The surge in financial alerts comes as rising costs—fueled in part by the conflict in the Middle East—weigh on businesses ahead of the upcoming budget announcement. Analysts attribute the spike to escalating operational pressures, leaving firms scrambling to adjust before fiscal policy decisions take effect. The trend underscores growing economic uncertainty for corporations operating on the London stock exchange.

Consultancy says companies quoted on London stock market issued 65 in three months to end of SeptemberThe number of profit warnings from UK-listed companies has risen to the highest level in two years, as the war in the Middle East triggers a surge in costs for businesses before the budget.With less than a fortnight before John Healey’s tax and spending statement to the Commons, the consultants EY-Parthenon said companies quoted on the London stock market had issued 65 warnings in the three months to the end of September. Continue reading...