British companies mothball results as virus shreds financial market rulebook

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British companies mothball results as virus shreds financial market rulebook GlobeBusiness

, perhaps as soon as this week, while the delayed results are likely to fuel calls for stock markets to be suspended.“It is clear that given the pressures on people and the changes that we see day to day, it is in the public interest for reporting to be delayed to give companies the time to properly consider the impacts on their results,” said Jon Holt, head of audit at KPMG UK.

Separately on Monday, the London Stock Exchange said it was looking into whether annual meetings of companies could be held online during the epidemic.

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