Virus hit UK companies told to halt financial statements

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Britain's listed companies should not publish preliminary financial statements for at least two weeks to better assess how the coronavirus ...

LONDON: 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines