Contract Cancellations and Delays Trigger UK Profit Warnings
Contract cancellations and delays are now a record cause of profit warnings among the UK's listed companies, according to a report from consultancy EY-Parthenon.
Of the 62 profit warnings issued by UK-listed firms during the first quarter, 40% cited delays and cancellations to contracts and orders as a primary cause, the report shows. That is the highest ever proportion attributed to this specific cause in the 25 years that EY-Parthenon's analysis covers.
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