Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Retailers issue the most profit warnings

Retailers issued the most profit warnings in the three months to June, despite the overall number of UK companies issuing warnings dropping sharply.

Businesses issued 45 warnings according to advisory group EY, a 40% fall on the previous quarter and a third lower than the same time last year. However, seven of those warnings came from retailers and EY warned against ‘complacency.’

“The reality in the market is that earnings forecasts have dipped and the economy’s relative outperformance has enabled more companies to meet already low expectations,” said Alan Hudson, EY’s UK head of restructuring.

“Profit warnings may not rise dramatically without a shock, given that companies seem to have come to terms with passing a lower bar, but trickier conditions will catch out more companies and expose weaknesses.”

Readers' comments (1)

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.