According to EY-Parthenon’s latest Profit Warnings report, although there has been a quarterly fall in the number of profit warnings, 18.7% of all UK-listed companies issued a profit warning over the past 12 months. Furthermore, EY-Parthenon’s research found that the number of companies warning for the first time in 12 months recently reached its highest level since Q1 2022, with 61% of companies in Q1 2024 issuing a ‘new’ warning. By the end of the first quarter of 2024, 39 companies had issued three or more warnings over the last 12 months, with just over a fifth of these companies delisting – or in the process of doing so – due to insolvency or acquisition. To read EY’s news release, go to https://www.ey.com/en_uk/news/2024/05/ftse-retailers-sector-issued-seven-profit-warnings.