Financial news

Virus hit UK companies told to halt financial statements

By  | 

Via Reuters Finance

FILE PHOTO: A usually crowded Canary Wharf is seen at lunchtime, as the number of coronavirus disease (COVID-19) cases grow around the world, in London, Britain March 19, 2020. REUTERS/Dylan Martinez

LONDON (Reuters) – Britain’s listed companies should not publish preliminary financial statements for at least two weeks to better assess how the coronavirus epidemic is affecting their business, the Financial Conduct Authority said on Saturday.

“The FCA will be writing tonight to companies it is aware were intending to publish preliminary financial statements in the next few days to delay their planned publications,” the watchdog said in a statement.

“The FCA strongly requests all listed companies observe a moratorium on the publication of preliminary financial statements for at least two weeks.”

The government has told shops, restaurants and other public places to shut, and is advising people to avoid all non-essential travel.

Reporting by Huw Jones; Editing by Chris Reese


Print Friendly, PDF & Email

Hold dit netværk orienteret

READ ALSO  China's big banks flag asset pressure due to virus, boding ill for smaller kin