UK Profit Warnings Citing Geopolitics Hit a Record High, EY Says

The number of UK-listed companies flagging geopolitics in their profit warnings has hit a record high, according to a report by consultancy firm EY Parthenon.

“Policy change or geopolitical uncertainty” triggered 46% of the warnings issued in the second quarter of 2025, compared with just 4% of the total in the same period a year earlier, according to the report. In total, 59 profit warnings were issued — a 20% increase year-on-year.

Uncertainty over US tariff policy has contributed to the increase, according to Jo Robinson, head of UK & Ireland Turnaround and Restructuring Strategy at EY. A third of ...