Analysis of UK Profit Warnings
We have tracked profit warnings from UK-registered companies since 1999, giving us powerful insight into business, capital and economy.
What is a profit warning?
A profit warning is an official statement to the stock exchange from a publicly listed company that says that it will report full-year profits materially below management or market expectations.
Our analysis of UK-registered companies listed on the UK’s Main Market or Alternative Investment Market provides you with insights into profit warning trends and key economic, sector and market issues facing UK businesses. You can delve into the latest quarter’s findings and access over 15 years’ worth of data at the click of a button through our console. Use our profit warning data to understand trends and identify the forces affecting your market and reshaping your path ahead.
UK Profit Warnings Q3 2023 headlines
UK-listed companies issued 76 profit warnings in Q3 2023, a 12% fall year-on-year, but still 18% above the third-quarter average.
The pace of warnings has begun to fall as cost and supply pressures ease. But in Q3 2023, we saw rising interest rates take over as the main driver of warnings, with the highest percentage of companies citing the impact of worsening credit conditions since the height of the Global Financial Crisis in 2008.
We expect the pace of warnings to remain high whilst the impact of interest rates continues to feed through to the wider economy and whilst it remains difficult to forecast in this testing and volatile economy. Confidence can drain very quickly in this environment; therefore, it is vital that companies address issues promptly and keep stakeholders informed.
In Q3 2023, UK quoted companies issued76
profit warnings, 12% lower than Q3 2022.
In Q3 2023,33%
of profit warnings cited changing credit conditions.
In Q3 2023,20%
of profit warnings cited the weaker UK housing market.
In Q3 2023, the median share price fall was15.1%
on the day of warning, up from 11.2% last quarter.