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Analysts back quarterly reports by firms

February 16, 2011

By Staff Reporter

Eighty-one percent said such a move would improve the quality of information available to investors, while 84 percent said it would increase investor confidence in cross-border investing in the EU.
The research was carried out by the global Association for Investment Management and Research, which includes the Society of Investment Analysts in Ireland.
SIAI president Joe Kavanagh said investors did not make decisions once or twice a year and needed regular, comprehensive reporting of financial information.
Under current rules, Irish companies must release figures only twice a year. Recent European Commission plans to move to the U.S. model of quarterly reporting look to have been heavily watered down, after a majority of countries, including Ireland, backed British proposals to make it optional.

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