Diary: 5 May - good for profit warnings?

In the words of Jo Moore, one might think of polling day as a 'good day to bury bad news'.

From an unscientific survey, we discover that Financial Dynamics is the retained comms adviser to nearly half those firms whose AGMs this year are on 5 May. How did that happen?

FD takes top marks as adviser to Smith & Nephew, GKN and Reckitt & Benckiser. Finsbury comes a close second with Trinity Mirror and Standard Chartered, while Brunswick has Prudential.

FD chief operating officer Tim Spratt insists his clients' astute choice of AGM date is purely coincidental: 'Most companies will have arranged their AGMs 12 months in advance and long before Tony Blair decided to call an election.'

Some financial PROs possess masterful foresight. There will never be a better time to get shot of that pesky profit warning.

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