Virus hit UK companies told to delay financial statements

Virus hit UK companies told to delay financial statements

Companies should not publish preliminary financial statements for at least two weeks to better assess how the coronavirus epidemic is affecting their business, Britain’s 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 watchdog said it wants them to announce delays to statements as soon as Monday and will come forward with further measures.

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