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Recent Editions
Risk Channel
North America
The Securities and Exchange Commission is preparing a proposal to scrap the requirement for companies to report their earnings every quarter and instead give them the option to share results twice-yearly, according to a report in the Wall Street Journal which added that the rule is expected to make quarterly reporting optional and not eliminate it altogether. In preparation for the proposal, regulators have been talking to officials at the major exchanges to discuss how they may need to adjust their rules.
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Risk Channel
UK/Europe
The war in the Middle East and surging energy costs are set to exacerbate soaring levels of financial distress among European companies, according to Alvarez & Marsal. “The escalating conflict in the Middle East is likely acting as a multiplier for the distress we are already tracking across the European landscape,” said Chris Johnston, a managing director in the consultancy firm’s European restructuring team. Referencing the surge in oil and gas prices, Johnston said: “This directly erodes the purchasing power of the European consumer, further destabilising retail and other consumer focused sectors that are already struggling with market share erosion and high debt-servicing costs.”
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