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Virus hit UK companies told to halt financial statements

Published 03/21/2020, 07:24 PM
Updated 03/22/2020, 07:30 PM
© Reuters. A usually crowded Canary Wharf is seen at lunchtime in London

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."

© Reuters. A usually crowded Canary Wharf is seen at lunchtime in London

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

Latest comments

It doesnt make any sense, eventually people know that economy has been hit very bad
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