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UK companies delay results after regulators relax reporting rules

03/24/2020 | 11:15am EST
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)

© Reuters 2020
Stocks mentioned in the article
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888 HOLDINGS PLC 3.27% 289.3038 Delayed Quote.70.30%
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ALLIANCE PHARMA PLC 1.72% 74.767 Delayed Quote.-12.60%
ANGLO PACIFIC GROUP PLC 0.06% 107.62 Delayed Quote.-44.27%
CARD FACTORY PLC -1.10% 45.3875 Delayed Quote.-69.57%
CHURCHILL CHINA PLC 0.00% 1300 Delayed Quote.-28.57%
CLOUDCALL GROUP PLC 0.45% 89.4 Delayed Quote.-9.64%
COUNTRYWIDE PLC -0.50% 239.302 Delayed Quote.-30.14%
CPPGROUP PLC 0.00% 297 Delayed Quote.-18.41%
EBIQUITY PLC 0.00% 20.3 Delayed Quote.-45.14%
FEVERTREE DRINKS PLC 0.20% 2488.75 Delayed Quote.19.35%
GULF KEYSTONE PETROLEUM LIMITED -1.41% 91.3712 Delayed Quote.-56.47%
IGAS ENERGY PLC -2.57% 12.3975 Delayed Quote.-73.76%
INTEGRATED DIAGNOSTICS HOLDINGS PLC -2.14% 3.65 Delayed Quote.-6.75%
IQE PLC 0.02% 71.4684 Delayed Quote.45.82%
K3 BUSINESS TECHNOLOGY GROUP PLC -0.43% 117 Delayed Quote.-19.24%
KINGFISHER PLC 1.01% 278.6 Delayed Quote.27.19%
MEARS GROUP PLC 2.55% 161 Delayed Quote.-46.60%
MORTGAGE ADVICE BUREAU (HOLDINGS) PLC 1.33% 760 Delayed Quote.-1.81%
N BROWN GROUP PLC 0.10% 68.6778 Delayed Quote.-58.23%
REGIONAL REIT LIMITED 0.58% 75.6374 Delayed Quote.-33.57%
S&U PLC 0.54% 1850 Delayed Quote.-12.80%
SDL PLC 0.00% 660 Delayed Quote.10.74%
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STM GROUP PLC 3.90% 32 Delayed Quote.25.71%
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