THE COUNTRY’S biggest institutional investors are set to recommend FTSE 100 companies cease quarterly reporting.
In shake-up of investor relations, the Investment Association – whose members represent around a third of the FTSE 100 – is to encourage long-term thinking in a series of demands with the aim of getting more out of the UK’s top businesses, the Telegraph reports.
The edict will require companies in the FTSE 350 to comply or explain how quarterly reporting fits into their business plan. The IA will monitor those which fail to do so.
The regime is one of 11 arrangements the group is to set out in a radical report due out later this week.
Some companies, including Legal & General and Unilever have already done away with quarterly reporting, but the vast majority of major listed companies persist with the practice.
The report is to examine five areas: company reporting, investor stewardship, the relationship between owners and companies, capital markets, and the legal and regulatory framework.
We talk to Rob Gorle, recently appointed FD of employee engagement company, Perkbox, about recruitment, the challenges ahead and what he plans to do at Perkbox
Former Yahoo! finance manager has been appointed Finance Director of Perkbox, the employee and customer engagement firm
St James's Place, the UK’s leading wealth management firm, has had a shake-up of its executive team
JML moves stock and debtor finance to Shawbrook Bank, replacing ten year relationship with GE Finance