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Profit warnings soar as UK companies struggle with costs

London | More FTSE-listed companies were forced to issue profit warnings in the past quarter than at any time since the global financial crisis more than a decade ago as the cost of doing business in the UK has soared.

Companies have faced a toxic combination of soaring inflation – in particular energy costs – at the same time as demand comes under pressure from worsening economic conditions and rising interest rates.

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Financial Times

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    Original URL: https://www.afr.com/world/europe/profit-warnings-soar-as-uk-companies-struggle-with-costs-20221024-p5bsi6