Rising Costs Fuel Profit Warnings

This is a U.K. news story, published by CNBC, that relates primarily to Matt Collingwood news.

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profit warnings

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profit warning

CNBC

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Business

Business & Economics

British firms have been plagued by profit warnings and sliding output — and many aren’t hopeful for an imminent recovery

Summary

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86% Informative

One in five U.K.-listed companies issued a profit warning in 2024 , new data shows.

Rising costs were behind one in five of the profit warnings issued throughout the year .

British businesses are expecting more price rises, further hiring cutbacks and continued output declines to weigh on profits in 2025 .

Confederation of British Industry said pessimism was persisting and could impact hiring.

Low business confidence is another factor that will hit hiring in 2025 , according to Matt Collingwood .

Michael Queenan , CEO and co-founder of British tech data firm Nephos Technologies , said he viewed the government's budget as a "massacre for businesses" Rick Smith , founder and managing director of U.K. business consultancy Forbes Burton , said new government policies "look set to pile the misery on".

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Neutral language

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formal

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English

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not offensive

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not hateful