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Quarter of U.K. Financial Firms Issue Pandemic Profit Warnings

Aug. 24, 2020, 12:10 PM

A quarter of financial services companies listed in the U.K. have issued profit warnings so far this year, more than in the whole of 2019, according to a report published Monday.

Ernst & Young LLP said financial firms issued 42 profit warnings in the seven months to July 31, compared to 29 for all of 2019. That nonetheless compares well to other sectors, with EY figures for the first half of the year showing that one-third of all U.K. listed companies issued warnings.

  • Financial firms’ profit warnings have more than doubled in number, with 42 so far this ...

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