Profit warnings from firms with DB schemes up 70%

The auditor found firms with a DB scheme issued 34 warnings in H1, up from 20 in H1 2021. It also revealed "a record" 60% of profit warnings issued in Q2 2022 were prompted by rising costs, while half of all warnings came from consumer-facing sectors, "as demand and confidence in the market fell". Key reasons cited for companies with a DB scheme issuing profit warnings included increased energy, fuel, wage, and material costs. In the first half of 2022, the overall number of profit warnings issued by UK-listed companies increased 66% year-on-year, from 82 warnings in H1 2021 to 136...