A record number of UK-listed companies have issued warnings to shareholders that rising costs could hurt their profits, a new report shows.
The number of profit warnings issued in the first quarter of 2022 rose by 44 percent compared to the same period last year, according to the report from accounting firm EY.
Some 43 percent of listed companies that warned profits could be lower than anticipated said it is owing to rising costs as commodity and energy prices surge.
This compares to just 27 percent that said so in the last three months of 2021 and an average 10 percent that cited it as the main cause across the past decade.
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