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UK companies delay results after regulators relax reporting rules

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03/24/2020 | 11:15am EDT
FILE PHOTO: The Canary Wharf financial district is seen from the construction site of 22 Bishopsgate in London

British companies rushed to heed unprecedented calls by regulators to delay their results so they can better assess how the coronavirus outbreak is affecting their business.

The move by British regulators follows similar action in countries already harder hit by the virus. Authorities in Hong Kong and Spain have extended the deadline for annual reports by two months.

In China, where the impact was felt first, companies listed on the mainland stock markets have postponed filing annual reports as auditors struggle to sign off accounts after the government effectively closed businesses to slow the coronavirus outbreak.

(Compiled by Yadarisa Shabong in Bengaluru; Editing by Josephine Mason and Barbara Lewis)

Stocks mentioned in the article
ChangeLast1st jan.
888 HOLDINGS PLC -2.66% 153.6 Delayed Quote.-6.91%
A.G. BARR P.L.C. -1.32% 485.5 Delayed Quote.-16.29%
AA -9.09% 25 Delayed Quote.-57.01%
ALLIANCE PHARMA PLC -0.40% 75.5 Delayed Quote.-10.23%
ANGLO PACIFIC GROUP PLC 5.06% 161.8 Delayed Quote.-15.73%
CARD FACTORY PLC 1.66% 36.65 Delayed Quote.-75.22%
CHURCHILL CHINA PLC 4.84% 1300 Delayed Quote.-29.12%
CLOUDCALL GROUP PLC 0.00% 88 Delayed Quote.-10.66%
COUNTRYWIDE PLC 4.19% 62.725 Delayed Quote.-81.82%
CPPGROUP PLC -8.98% 375 Delayed Quote.3.02%
EBIQUITY PLC 0.00% 30 Delayed Quote.-18.92%
FEVERTREE DRINKS PLC -1.20% 2052 Delayed Quote.-1.86%
GULF KEYSTONE PETROLEUM LIMITED -4.93% 71.3 Delayed Quote.-66.45%
IGAS ENERGY PLC -1.90% 25.85 Delayed Quote.-46.70%
INTEGRATED DIAGNOSTICS HOLDINGS PLC 8.92% 3.54 Delayed Quote.-11.50%
IQE PLC -3.84% 37.54 Delayed Quote.-23.39%
K3 BUSINESS TECHNOLOGY GROUP PLC 0.00% 74 Delayed Quote.-49.14%
KINGFISHER PLC 0.03% 194.2 Delayed Quote.-10.51%
MEARS GROUP PLC -1.16% 171 Delayed Quote.-41.84%
MORTGAGE ADVICE BUREAU (HOLDINGS) PLC 3.09% 634 Delayed Quote.-18.09%
N BROWN GROUP PLC -4.35% 22 Delayed Quote.-86.49%
REGIONAL REIT LIMITED -5.85% 77.2 Delayed Quote.-31.80%
S&U PLC 2.52% 1630 Delayed Quote.-22.75%
SDL PLC 0.41% 485 Delayed Quote.-18.62%
SECURE TRUST BANK PLC 2.02% 908 Delayed Quote.-43.25%
STM GROUP PLC 0.00% 32 Delayed Quote.30.61%
TEN ENTERTAINMENT GROUP PLC 2.86% 180 Delayed Quote.-43.71%
ZOTEFOAMS PLC 2.96% 278 Delayed Quote.-37.53%
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