Nucleus joins FCA moratorium on year-end results
David Ferguson: delayed
Nucleus, the financial wrap company, has become the latest to postpone its results following guidance from the Financial Conduct Authority.
The FCA has requested that listed companies delay the announcement of preliminary results for at least two weeks due to the challenges caused by the Covid-19 crisis.
It said investors in capital markets rely on trustworthy information on the companies whose instruments they trade. Current volatility has led a number of companies to state that they cannot provide reliable forecasts.
Edinburgh-based Nucleus, led by CEO David Ferguson, joins AG Barr, the Cumbernauld-based maker of Irn-Bru, among a number of companies which have delayed results due tomorrow.
Nucleus said the positive inflow momentum from Q4 continued into 2020, and there has been limited impact from Covid-19 on flows to date.
To end-February, year to date gross inflows were up 35% and net inflows were up 132% on the equivalent period in 2019, while in March both gross and net inflows continue to be well ahead of the prior year.