The percentage of UK-listed companies issuing profit warnings last year exceeded the levels seen at the peak of the financial crisis in 2008 as 18.2% of public firms issued warnings, according to EY-Parthenon’s latest Profit Warnings report.
In total, 294 profit warnings were issued in 2023, a small decrease of 11 from 2022 when 305 warnings were given. But the percentage of companies warning was still exceptionally high at 18.2%, higher than 17.7% at the peak of the global financial crisis in 2008. Last year, over a quarter of warnings (26%) were attributed to delayed contracts or decisions, 19% were due to increased costs and a further 19% cited the impact of higher interest rates.
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