Quarterly reporting largely irrelevant these days - Monks' manager

Speaking at a roundtable discussion at Baillie Gifford's head office in Edinburgh, Adair (pictured) revealed he believed reports filed by companies on a quarterly basis were now largely irrelevant. "Quarterly reporting is brilliant if you are a farmer, because there is a harvest, and there is spring and, in any business where the pace at which the Earth moves around the Sun is relevant to its cycle then, absolutely - still have quarterly reporting," he said. However, Adair said he did not see its relevance for "99% of the business" owned by Monks, which is a global investment trust ru...