UK firms issue record profit warnings amid Iran tensions

UK-listed companies issued 65 profit warnings in the three months ending in September, reaching their highest level in two years, with housebuilders reporting more warnings than during the 2008 financial crisis. The surge in costs driven by the Middle East conflict has contributed to economic uncertainty, impacting various sectors including home construction. The upcoming budget aims to address rising energy and mortgage costs, with proposals such as increasing the business rates threshold for small firms.

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