According to EY-Parthenon’s latest Profit Warnings report, 1 in 5 of the 64 profit warnings issued by UK-listed companies during Q3 2025 cited the impact of weaker consumer confidence, the highest proportion recorded for this cause since 2022 and up from 6% during the same period last year. While 19% of all profit warnings referenced falling consumer sentiment, this figure rises to 56% for listed retailers. The leading factors behind the profit warnings were policy changes and geopolitical uncertainty, cited in 47% of warnings. This marked the highest percentage recorded for this cause in more than 25 years of EY’s analysis, and a significant increase from 17% in Q3 2024. 34% of profit warnings issued in the third quarter cited contract and order cancellations or delays, while 22% referenced tariff-related impacts. Over the last 12 months, 18% of UK-listed businesses have issued at least one profit warning. To read EY’s news release, go to https://www.ey.com/en_uk/newsroom/2025/10/profit-warnings-uk-listed-companies-weaker-consumer-confidence-three-year-high.