UK Firms Struggling With Costs Churn Out More Profit Warnings
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UK-listed companies posted the highest number of profit warnings for a third-quarter since 2008 as the burden of costs rises, according to a report by consultancy firm EY-Parthenon.
Firms issued 86 profit warnings between July and September, according to the report. That’s 69% more than the same period the previous year and 34% more than in the second quarter.