Foggy outlook

Rejoice! Rejoice! You lucky, lucky people. All you European IROs who have been sulking in the corner, disconsolately kicking your heels while waiting for the next half-year earnings report to come due, take heart. The lovely people at the European Union are moving ahead with a plan for all EU listed companies to issue quarterly reports to the market. Strangely, some members of the corporate community don't feel so enthusiastic about this. Indeed some observers, particularly in the UK, have