Listed companies feel pinch as UK inflation rises

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Retailers, travel and leisure, and food producers are sectors churning out most profit warnings

UK-listed companies posted the highest number of profit warnings for a third-quarter since 2008 as the burden of costs rises, according to a report by consultancy EY-Parthenon.

Retailers, travel and leisure, and food producers were churning out the most profit warnings, EY-Parthenon said. Companies cited rising costs as the cause of 57% of the alerts.

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