Schroders urges companies to move away from quarterly reporting

Last year, the Financial Reporting Council removed the mandatory requirement for companies to issue financial reports every three months, although few chose to take advantage of the new rules. According to Sky News, Schroders' letter was written by head of investment Peter Harrison (pictured) and said companies which revert to reporting half-year and annual results would have its support. The asset manager thinks that while quarterly reporting is important for companies whose financial status changes on a quarter-by-quarter basis, for long-term investors the process can be time consum...