A new EY-Parthenon Profit Warnings report reveals that the percentage of UK-listed companies issuing profit warnings over the last twelve months increased to 18.7%, which is 1% higher than in 2008 at the peak of the Global Financial Crisis. Additionally, by the end of the first quarter of 2024, thirty-nine companies had issued three or more warnings over the last 12 months. Of these, just over a fifth of the companies were delisting or in the process of doing so, primarily due to insolvency or acquisition. Contract cancellations and delays were cited as the main reasons for warnings by 29% of companies, while higher costs and weaker consumer confidence accounted for 17% of warnings in Q1 2024.” To read EY’s news release, go to¬†https://www.ey.com/en_uk/news/2024/04/nearly-one-in-five-uk-listed-companies-issued-a-profit-warning.