It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

Vectura delays results because of KPMG staff shortage

Fri 05 March 2021 12:29 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - Vectura delayed the publication of its annual results after KPMG asked for more time to audit the accounts because of a staff shortage caused by Covid-19.

The maker of inhaled medicines was due to publish its results on 9 March but has put the announcement back to 18 March.

Vectura said the delay was nothing to with its financial results or outlook and that its guidance for results ahead of board expectations was unchanged.

"KPMG has advised Vectura that it has experienced unforeseen delays in completing its audit as a result of recent resourcing constraints arising from Covid-19," Vectura said. "As such, it has requested additional time to complete its audit procedures."

The FTSE 250 group said in January its operational performance was strong in 2020 and that the pandemic had not upset its product supply chain.

The company's shares rose 1.7% to 117p at 12:40 GMT.

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More company news from ShareCast