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Evening Standard
Evening Standard
National
Henry Saker-Clark

UK profit warnings jump to highest since 2024 ahead of Budget

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 warnings by UK-listed firms jumped to their highest level for almost two years in the latest quarter, according to new data.

Research by advisory firm EY indicated that UK firms have come under pressure from rising costs and subdued consumer sentiment ahead of the first Budget since Andy Burnham’s appointment as Prime Minister.

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