‘We think the business delivers value over years, not over quarters’
Quarterly reports are set to become voluntary across the EU in November. Is it time to drop the IMS?
It wasn’t until two months after the UK’s Financial Conduct Authority (FCA) changed its rules on quarterly reporting – or interim management statements (IMS) – that the issue really hit the headlines. FTSE 100 firm National Grid became the most high-profile company to drop its quarterly reports in January, citing benefits including an emphasis on the long term and time savings for senior management. It’s also about moving to a more flexible timeframe, says John Dawson,
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