UK-listed firms issue 65 profit warnings as war and policy uncertainty weigh
UK-listed companies issued 65 profit warnings in the three months to September, up from 59 in the previous quarter and the highest total since late 2024, according to EY-Parthenon. The firm said 54% cited policy change and geopolitical uncertainty, while 38% specifically referred to the Middle East conflict and 35% to rising costs, ahead of the autumn Budget.
Bottom line — Housebuilders have issued 14 warnings so far this year, already exceeding the 10 recorded during the 2008 financial crisis.
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EY-Parthenon said 17% of UK-listed companies issued at least one warning in the past 12 months.
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Six listed housebuilders issued warnings in the quarter, citing cost inflation, lower sales and muted first-time buyer demand, City AM reported.
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Jo Robinson of EY-Parthenon said policy changes are making forecasting, investment and capital allocation harder.
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The Guardian reported that the government was preparing a Budget measure to raise the business-rates threshold for small firms from £12,000 to £18,000.