A recent report has discovered that UK companies have hit a three-year high profit warning despite a continuing recovery in the wider economy.
Companies that have issued profit warnings this year included retailers Asos and Mothercare, luxury goods brand Mulberry, construction firm Balfour Beatty and outsourcing giant Serco.
Increased competition, squeezed margins and a strong pound were the reasons listed firms were issuing up to 137 warnings in the first half of 2014. This is 9% up on a year ago and the highest number since the first half of 2011.
The official figures that were released on Friday showed that the UK economy had returned to its pre-crisis level.
