(Alliance News) -Â Whitbread PLC on Friday said it will delay the announcement of its full-year results to ensure the company and its auditors have "adequate time" to complete standard procedures.
This also comes following recent joint regulatory guidance in the UK from the Financial Conduct Authority, the Financial Reporting Council and the Prudential Regulation Authority.
The Premier Inn hotel owner said the release of its results, originally planned for April, will be pushed back "until the end of May or start of June".
As previously communicated, it said, Whitbread's performance for the financial year ended February 27 is expected to be in-line with forecasts.
Shares in Whitbread were down 2.8% at 2,717.00 pence in London on Friday.
By Lucy Heming;Â lucyheming@alliancenews.com
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Whitbread (WTB)