Adidas shares plunge after hike in World Cup marketing spend Sport Business Adidas shares sank this morning after the sportswear behemoth missed quarterly profit expectations amid a hike in World Cup marketing spend. Shares in the German firm opened more than 15 per cent down after missing second quarter profit expectations. The dent came despite revenues rising 14 per cent to £5.7bn but the firm maintained its [...]
Iran war woes cause jump in London-listed profit warnings Economics The rising energy costs and fragile consumer confidence caused by the Iran war have driven a jump in the number of profit warnings issued by London-listed firms. UK-listed companies issued 59 profit warnings in the first half of this year, up from 55 last year, with more than half of these being blamed on policy [...]
‘Difficult year’ for discount retailer B&M as profits fall almost a half Retail A series of updates from London-listed retailers has light on the battle for sales between online and traditional outlets, with household spending under pressure, writes Michael Hunter. FTSE 250 retailer B&M has revealed a drop of almost a half in annual profit in what it called a “difficult year”. It was the most eye-catching piece [...]
Speedy Hire shares tumble as firm sounds alarm on ‘worsening conditions’ April 2, 2026 Speedy Hire shares tumbled on Thursday after the tools and equipment hire services company slashed its profit expectations and warned “conditions have worsened” in the market. The London-listed firm said it now expects pre-tax earnings of £90m in 2026, down from £97m the previous year. “Market conditions have worsened…with uncertainty around the UK Budget in [...]
Vanquis boss defends scrapping dividend as bank swings to profit February 26, 2026 The boss of Vanquis Bank has said he makes no apologies for a “conservative” approach to capital distribution as he launched a staunch defence of the group’s decision to axe its dividend for the second consecutive year. Ian McLaughlin, who took the helm at Vanquis in August 2023, said the bank’s “number one priority” was [...]
Profit warnings citing global upheaval hit ‘record high’ January 27, 2026 The proportion of profit warnings issued by UK-listed companies where bosses complain about policy uncertainty and geopolitics reached a record high last year, fresh analysis has shown. New data by EY has shown that 240 firms warned investors that profits would fall short of market expectations. Though this was the lowest figure since 2021 – [...]
Diageo shares slide on profit warning after weak Chinese demand November 6, 2025 Shares in FTSE 100 drinks giant Diageo have fallen after weak demand in China and the US hurt sales and profit expectations. The group said its operating profit growth was set to be in the low to mid single-digit range for the year to June 2026, down from its previous guidance of mid single digits. [...]
WPP shares plunge again on halved dividend and strategic review August 7, 2025 Shares in advertising giant WPP dropped by as much as 4.7 per cent on Thursday morning after it revealed it would launch a strategic review and halve its interim dividend amid falling profit and stagnant revenue. The embattled media group, which owns major agencies like global PR shop Burson and creative juggernaut Ogilvy, revealed its [...]
MJ Gleeson: Shares plummet after profit warning as property market struggles June 3, 2025 Housebuilder MJ Gleeson has warned of a 15-20 per cent hit to its profit this year due to a slow housing market recovery and the collapse of a land sale in Yorkshire. The company told markets this morning that the pace of housing market recovery in the UK has “not been sufficient” to offset the [...]
EY: Profit warnings surge points to ‘economic shock’ May 6, 2025 Nearly one in five listed companies have told investors that they expected profits to decline in the past twelve months, new research has suggested, reflecting firms’ vulnerabilities to higher taxes and damaging tariffs. Chancellor Reeves flattered investors in the run-up to last year’s election, calling Labour the “natural party of business”. But a new report [...]