What is the main topic?

The main topic is TT Electronics lowering its profit forecast due to US tariffs and operational issues in its North American business.

What impact did the profit warning have?

The profit warning led to a 25% drop in TT Electronics' share price and the resignation of its CEO.

Who is the new acting CEO?

Eric Lakin, the chief financial officer-designate, has been named the acting CEO.

Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > UK's TT Electronics cuts profit outlook as tariffs add to US troubles

Finance

UK's TT Electronics cuts profit outlook as tariffs add to US troubles

Published by Global Banking & Finance Review®

Posted on April 10, 2025

2 min read

Last updated: January 24, 2026

Protesters gather in London against the ban of Palestine Action - Global Banking & Finance Review — A large crowd of protesters in London rallies against the ban of Palestine Action, holding flags and placards. This image captures the tension during the protest where over 466 individuals were arrested by police, highlighting the ongoing conflict surrounding Palestine Action and its implications.

UK's TT Electronics cuts profit outlook as tariffs add to US troubles

Quick Summary

TT Electronics Revises Profit Forecast as US Tariffs Impact

Key Takeaways

Frequently Asked Questions about UK's TT Electronics cuts profit outlook as tariffs add to US troubles