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Profit warning numbers rise to 18.7%, EY says

Contract cancellations and delays were cited as the main reason for warnings by 29% of companies, whilst higher costs and weaker consumer confidence each accounted for 17% of warnings in Q1 2024

The number of UK-listed companies issuing a profit warning over the last 12 months grew to 18.7%, 1% higher than 2008, at the peak of the Global Financial Crisis, according to EY-Parthenon’s latest Profit Warnings report. 

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