More than 100 UK-listed companies warn on Ukraine war impact

More than 100 UK-listed companies warn on Ukraine war impact

Bloomberg: More than 100 UK-listed companies have warned of negative effects from the war in Ukraine, with few of them so far quantifying the impact on their earnings, according to research by Bowmore Asset Management.

The majority of the 115 companies the firm identified cautioned about effects specific to their businesses in the region, while many others referred to the broader macroeconomic risk generated by the war, Bowmore said.

FTSE 100 companies sounding the alarm included BP Plc, Shell Plc, JD Sports Fashion Plc and British American Tobacco Plc. Imperial Brands Plc lowered its full-year net revenue expectations while announcing plans to exit Russia.