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Outlook

The text of any statement (e.g. the Chairman’s review) provided by the company within the last annual report, and within any subsequent statements (e.g. trading statement, or interim or preliminary announcement), is scanned to abstract any remarks which allude to the company’s trading prospects.

Each outlook statement is preceded by the date and source. ‘(4-Jun-96) Prelim: ch’, for example, indicates remarks by the chairman (ch) from the preliminary results announcement (Prelim) dated 4th June 1996. In the absence of any such remarks, the words ‘no outlook statement’ appear instead.

Outlook statements are shown in chronological order, and are retained until superseded by the latest annual report. Space constraints dictate that outlook statements are sometimes abbreviated, and may consist of two or more elements separated by ‘...’ where appropriate.


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