Number of companies reporting quarterly figures declines to under 20%

Calls by Investment Association

A number of FTSE 100 and FTSE 250 firms have stopped releasing quarterly reports following calls discouraging them from focusing on short-term behaviour from industry bodies including the Investment Association.

According to the trade body, the number of FTSE 100 and 250 companies issuing quarterly reports since October 2016 has declined by 19% and 25% respectively.    Over 40% of FTSE 100 companies (43), and over 60% of FTSE 250 companies (167), no longer issue quarterly reports to shareholders.   The call to stop doing this was made in a bid to discourage companies from engaging in short-term behaviour, such as managing the business to meet quarterly targets rather than developing their long-term strategies. FTSE 100 companies address shareholder concerns on pay in 2017 AGM season The...