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Scottish profit warnings gathered pace at end of last year

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Hello and welcome to our daily digest of business, financial and economic news from around Scotland.

1. Scotland’s publicly listed companies issued more profit warnings in the final quarter of last year than in the preceding nine months.

A report by EY-Parthenon, the consultancy, found there were six profit warnings between October and December.

There were only four between January and September last year.

The researchers also pointed out that six was the highest quarterly total of profit warnings since the April to June period of 2020, when the UK was still in its first coronavirus lockdown.

Quiz was one of the Scottish retailers to issue a warning on its profits last quarter

ALAMY

Kris Aspin, a partner at EY-Parthenon and head of restructuring in Scotland, said that people’s disposable incomes were affected by inflation, meaning that areas such as fashion and

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