Half of all profit warnings by UK-listed firms now linked to tariffs and global trade disruption
Analysis from accountancy giant EY shows there were 26 warnings in April, up from 21 in the same month last year. Of the 26, 13 cited tariffs. On average, the profit warnings – when companies disclose to investors that they expect
profits to fall short of expectations – caused the affected company's share price to fall by 19 per cent on the day. In the first quarter of the year, 62 profit warnings were issued.
That number was 11 per cent lower than the same period in 2024 but came before Donald Trump's so-called Liberation Day tariffs were announced at the start of April.
UK-listed companies that have issued profit warnings in relation to tariffs in recent weeks include manufacturer
TT Electronics and ship broking giant Clarkson. Others, including Peppa Pig toy maker Character Group, have withdrawn profit guidance amid the uncertainty.
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