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3 stories found

Economy and financeSingle source

Profit warnings from UK-listed firms hit two-year high as Iran war raises costs

UK-listed companies issued 65 profit warnings in the three months to September, the highest quarterly total in two years. EY-Parthenon said policy change, geopolitical uncertainty and rising costs were key factors as the war in the Middle East added pressure on businesses.

  • UK-listed companies issued 65 profit warnings in the third quarter, the highest total in two years.
  • Almost 17% of UK-listed companies have issued a warning in the past 12 months.
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The Guardian World
Small-business financeSingle source

For restaurants, Covid was a crisis — pandemic loans have become a disaster

US restaurants that relied on EIDL loans during the pandemic are now struggling with debt and collections. A congressional report says delinquencies have exceeded 30%, with $75.2 billion in loans charged off as of last June.

  • More than 30% of EIDL loans were delinquent, with $75.2 billion charged off as of last June.
  • The US government issued 3.9 million pandemic EIDL loans worth $378.4 billion.
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The Guardian Business