The number of UK listed companies issuing profit warnings has risen for the seventh quarter in a row.
A total of 66 UK listed companies issued profit warnings between April and June, the highest second-quarter total since the early months of the Covid-19 pandemic in 2020, according to a report by EY-Parthenon.
It is the longest run of warning increases since 2008. Almost one in five listed companies issued a profit warning in the past year.
The construction sector was hit particularly hard in the past three months, issuing its highest number of warnings since 2020. Five of the six warnings from construction groups cited a slowdown in the housing as the main trigger for their problems.
