UK regulator the Financial Conduct Authority on 21 March asked the country’s listed companies to delay the release of preliminary results by “at least two weeks.” “The unprecedented events of the last couple of weeks mean that the basis on which companies are reporting and planning is changing rapidly. It is important that due consideration is given by companies to these events in preparing their disclosures,” the FCA says. 

Firms affected include Gulf Keystone, the third largest foreign producer in Iraqi Kurdistan, which had been due to report 2019 results on 26 March and last week slashed capex plans (MEES, 20 March), as well as Egypt/Morocco-focused SDX Energy which had been due to report on 23 March. (CONTINUED - 114 WORDS)