By Chris Bailey of Financial Orbit | Wednesday 19 November 2014
I nearly spat out my Sunday morning cornflakes when I read on the Telegraph’s finance section that ‘Quarterly reporting quietly comes to an end’. Yes, apparently, the FCA have concluded that ‘Interim management statements, which generally cover three months of trading, were deemed too short a snapshot of a firm’s performance to properly inform investors’ and in order to encourage longer-term thinking any mandatory requirement to publish detailed has been scrapped.
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