Companies listed on the London Stock Exchange are required to release certain information to the public. Some of these statements are one-offs and unpredictable, such as news of takeovers or board changes, while others follow a more regular timetable. For investors, two important such announcements each year are-
- interim results (known as interims): usually reported about eight months into a company’s financial year, they relate to the un-audited headline figures for the first half of the company’s year.
- preliminary results (known as prelims): un-audited figures published prior to the full annual report at the end of the company’s financial year. (Note – although these are termed “preliminary” these are very much the real final results.)
These announcements are watched very carefully and have the potential to significantly move the share price of a company.
The following chart plots the frequency distribution of the dates of the interim and preliminary announcements for FTSE 100 companies.
The following chart is similar to that above except this time the companies are in the FTSE 250 Index.
- July/August the busiest for interims, and
- February/March the busiest for the prelims.