The number of profit warnings issued by listed companies in the South West doubled in the second quarter of the year amid rising costs and supply chain issues, a report has found.
In the first six months of 2022, 136 profit warnings were issued by listed companies across the UK, up from 82 in the first six months of 2021, with a record number of firms citing rising costs as the reason behind the warnings.
The study, from accountancy giant Ernst and Young’s (EY) global strategy consulting arm EY-Parthenon, found six of these warnings came from the South West - up from three in the first quarter.
