Alphabet to leave Google investors seeking clarity

Google investors hoping for detailed financial reporting across its range of individual businesses could be disappointed after a major shake-up of its organisational structure was announced.

Investors piled into the search giant’s stock late on Monday causing a 6% spike after Google chief executive Larry Page announced the formation of its new holding company, Alphabet in a blog post which also gave details of how the newly formed enterprise would operate.

The move will see its constituent parts given greater independence and offer investors a clearer window into its smaller companies but not to the degree that some may be hoping for.