Reuters - UK Focus•2 months ago
The Vienna Stock Exchange cut minimum reporting requirements on Friday for its biggest listed companies to every six months from quarterly, making use of a European directive to accommodate companies' calls for a reduced administrative burden. The decision takes effect immediately and applies to 37 companies including those 20 listed in the exchange's blue-chip ATX index, such as oil company OMV, steelmaker Voestalpine and lender Erste Group. Companies are free to keep reporting every quarter if they choose to.