DB schemes account for 26% of total Q1 2022 profit warnings

Increases in overheads cited as reason for issue of profit warnings

clock • 1 min read
UK pensions covenant advisory leader Karina Brookes
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UK pensions covenant advisory leader Karina Brookes

Profit warnings from UK listed companies with a defined benefit (DB) scheme accounted for 26% of the total warnings in the first quarter of 2022, according to the latest analysis from EY-Parthenon.

The analysis revealed that of the 72 listed companies that issued a profit warning in the first quarter of the year, 19 of them came from firms with a DB scheme. Increases in overheads such as wages,...

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