UK PROFIT WARNINGS HIT TWO - YEAR HIGH AS IRAN CONFLICT DRIVES UP ENERGY COSTS

What happened: Profit warnings from London-listed businesses rose to 65 over the summer, up from 59 in the second quarter, according to EY analysis. Key numbers: 65 warnings in the period, versus 59 in Q2 and 71 in Q4 2024. 38 per cent cited the Middle East conflict. Why it matters: EY attributes the rise to geopolitical uncertainty and energy costs, with housebuilding described as the epicentre of cost and interest rate pressures. EY's Jo Robinson said supply-side disruption has become far more significant than a conventional economic cycle.

Profit warnings from London-listed businesses rose to 65 over the summer, up from 59 in the second quarter, according to EY analysis.

EY attributes the rise to geopolitical uncertainty and energy costs, with housebuilding described as the epicentre of cost and interest rate pressures. EY's Jo Robinson said supply-side disruption has become far more significant than a conventional economic cycle.