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  "documentTitle": "Parthenon Profit Warnings Q4",
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  "notes": "The chart shows a stacked bar breakdown of profit warnings by quarter for various FTSE sectors.",
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      "text": "Geopolitical and policy change and uncertainty dominated the profit-warning landscape in 2025, with disruption spreading from business-to-business into consumer-facing industries as the year progressed.",
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      "text": "The FTSE sectors with the highest number of profit warnings in 2025 were: Software and Computer Services (30), Industrial Support Services (23), Construction and Materials (18), Retailers (14), and Media (12).",
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      "text": "In 2026, we expect a continuation of the same pressures: uncertainty, low growth, higher costs, ongoing policy change and fast-moving technological disruption.",
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      "text": "Key triggers included: geopolitical or policy change and uncertainty (42%), delayed or cancelled orders (33%), and weaker consumer confidence or rising costs (11%).",
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      "text": "The FTSE sectors with the highest percentage of companies warning were: Technology Hardware and Equipment (53%), Household Goods and Home Construction (45%), Retailers (34%), and Construction and Materials (33%).",
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      "text": "2025 in review: Geopolitical and policy change and uncertainty dominated the profit-warning landscape in 2025, with disruption spreading from business-to-business into consumer-facing industries as the year progressed.",
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      "text": "2025 was another difficult year for UK businesses. Alongside weak growth and higher cost bases, companies faced new uncertainties. Geopolitical and policy uncertainty drove 42% of warnings – up sharply from 12% in 2024.",
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