U.K. Profit Warnings Surge Amid Supply Chain Snarl-Ups, EY Says
- Impact from higher prices on margins to hit firms in 2022
- Labor shortages, wage increases are becoming a growing concern
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A record number of U.K. firms issued profit warnings in the fourth quarter amid supply-chain disruptions, and a cost-of-living squeeze facing British consumers means that pressure on companies will continue in 2022, according to EY.