Trading statements
Trading statements (trading updates) tend to be issued by a company three months or so before the annual report or the interim report. They are usually very simple, consisting of a few paragraphs providing a brief description of the firm’s trading performance since the last formal report. The financial data supplied is very limited (e.g. ‘in the 12 weeks to 15 January sales were down 2%’) and profit figures are not provided.
Throughout the year, companies are required to make announcements if they have any information that may, when released, have a significant impact on share price, e.g. losing a major contract.
* Under International Financial Reporting Standards some assets may be revalued at ‘fair value’ which is supposed ...
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