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UK plc issued more profit warnings in first quarter than in 2008

Bloomberg Over a fifth of the UK’s listed companies issued a profit warning in the first quarter of 2020, compared with 17% in the full year of 2008, according to a report by consultants EY. The economic crisis triggered by the Covid-19 pandemic has pushed up the number of profit warnings in the UK, with 301 issued in the quarter ...

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Norway’s $1trn wealth fund expands US stakes amid rout

Bloomberg Norway’s $1 trillion sovereign wealth fund has been bulking up on stocks that got hammered during March’s historic market decline, adding to stakes in companies such as Carnival Corp. and Royal Dutch Shell Plc. The fund has acquired holdings of 5% or more in seven US-traded companies since mid-March, according to filings by Oslo-based Norges Bank. The list includes ...

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Canada’s newspapers want Google, FB to pay for content

Bloomberg Canada’s newspapers are asking the federal government to follow France and Australia in forcing companies such as Alphabet Inc.’s Google and Facebook, Inc. to pay to display their news content. “Both France and Australia have set deadlines to have mandatory solutions in place by July. That means paying for copyrighted content and sharing the advertising dollars and data that ...

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