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Kingfisher, A.G. Barr to delay results after FCA call

Reuters - UK Focus
·1-min read

LONDON, March 23 (Reuters) - Home improvement group Kingfisher and soft drinks firm A.G. Barr said on Monday they would delay publication of their full-year results for at least two weeks, heeding a call from the financial markets regulator on Saturday.

Britain's Financial Conduct Authority said listed companies planning to report over the next few days should hold off so that they could better assess how the coronavirus pandemic is affecting their business.

Kingfisher said it had received a letter from the FCA on Sunday requesting a delay to the results announcement, which had been due to come on Tuesday. The company said it would provide further updates "as soon as we are advised by the FCA".

Meanwhile, A.G. Barr also said it felt it was "prudent" to draw down its full 60 million pounds revolving credit facilities as the coronavirus pandemic continued. (Reporting by Simon Jessop, editing by Sinead Cruise)