A summer shambles
Around 60 major companies reported results today, including such giants as Sky, Shell, Diageo and Anglo American.
This is too much business news for newspapers to usefully analyse. Some papers will have down-paged for the summer in any case. And editors may think the weather is more important than Shell’s dividend (it isn’t).
I suppose if you’re a company wanting to avoid proper scrutiny, reporting today might make sense.
If you’re one wanting time and space to explain yourself, get your message over, it doesn’t.
What’s the process by which we end up here? Why don’t regulators intervene? How many FTSE 100 companies would have to report on the same day before someone said “no!”. Who would that person be?
Answers thankfully received.
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