UK listed companies issue more profit warnings in the second quarter, with travel firms and housebuilders among the most affected as the fallout from the war in Iran feeds through to demand and costs. Data cited from EY-Parthenon shows that companies on the UK market announce 59 profit alerts in total during the second quarter. This compares with 55 profit alerts reported in the preceding three-month period. The overall uptick points to a broadening set of pressures affecting corporate outlooks, but travel-related businesses and property developers are highlighted as leading contributors. The reporting indicates that investors are reacting to concerns around trading conditions and the financial impact of uncertainty in global markets. While the sources focus on the number of profit warnings rather than provide detailed figures by sector, they consistently identify travel and housebuilding as prominent areas of concern. The information presented is based on the quarterly tally compiled by EY-Parthenon from public company disclosures.
UK profit warnings rise as travel firms and housebuilders face Iran war fallout
UK listed companies issue more profit warnings in the second quarter, with travel firms and housebuilders among the most affected as the fallout from the war in Iran feeds through to demand and costs....
- UK listed firms issue 59 profit alerts in the second quarter, up from 55 in the previous quarter.
- The data is attributed to EY-Parthenon.
- Travel firms and housebuilders are among the sectors most prominent in the profit warnings.
- The rise in profit alerts is linked to fallout from the war in Iran.
- The figures reflect quarterly totals based on company announcements.
The figures from EY-Parthenon show UK listed firms made 59 profit alerts in total across the second quarter, up from 55 in the previous three months.
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