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The Independent UK
The Independent UK
Business
Holly Williams

Retail profit warnings more than double as high street pressures mount – report

EY United Kingdom EYParthenon
Profit alerts among retailers more than doubled in the second quarter as consumers reined in their spending and firms faced soaring wage costs, according to a report (Alamy/PA) -

Profit alerts among retailers more than doubled in the second quarter as consumers reined in their spending and firms faced soaring wage costs, according to a report.

The latest report from EY-Parthenon also revealed that overall profit warnings among UK-listed firms jumped by a fifth year-on-year in the second quarter – with a record proportion citing policy changes and geopolitical uncertainty as the leading factor.

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