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Norwegian Air shares plummet 60% after proposed rescue plan

The shares of Norwegian Air plunged by more than 60% on Tuesday as they resumed trade after the airline proposed a financial rescue package on April 8 that would significantly dilute existing equity. Special observation is used under circumstances that may make the valuation of a security particularly uncertain, according to the market operator’s guidelines. …read more […]

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British American Tobacco under criminal probe by U.S. regulators – The Times

The company is being probed for “suspicions of breach of sanctions” by the Department of Justice (DoJ) and the Office of Foreign Assets Control (OFAC), a financial intelligence and enforcement agency under the U.S. Treasury department, the report said, adding it was not clear which country or countries the regulators were focusing on. The company and the DoJ did not immediately respond to Reuters’ requests for comment. …read more […]

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Brewer AB InBev halves final dividend and pushes back AGM

Anheuser-Busch InBev , the world’s largest brewer, proposes to halve its final dividend and has postponed its annual shareholder meeting owing to uncertainty around the COVID-19 pandemic. The maker of Budweiser, Corona and Stella Artois on Tuesday said that it is proposing to pay a final 2019 dividend of 0.50 euros per share, down from the 1 euro it had initially proposed. It paid an interim dividend of 0.80 euros in November. …read more […]

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Norwegian Air shares plummet 60% after proposed rescue plan

The shares of Norwegian Air plunged by more than 60% on Tuesday as they resumed trade after the airline proposed a financial rescue package on April 8 that would significantly dilute existing equity. Special observation is used under circumstances that may make the valuation of a security particularly uncertain, according to the market operator’s guidelines. …read more […]

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Roku Shares Jump on Preliminary Q1 Earnings, Surge In New Subscribers

Streaming platform Roku (ROKU) has now updated its Q1:20 guidance, revealing that in late Q1 the “shelter at home” regulation resulted in an acceleration in account growth and an increase in viewing. Shares in ROKU rose 4.4% in Monday’s trading, while the S&P 500 dropped 1%.Specifically, Roku estimates Q1 Active Accounts at 39.8 million (up 37% year-over-year vs. 36% in Q4) implying roughly 3 million net additions, with Q1 streaming hours at 13.2 billion (up 49% Y/Y vs. 60% in Q1).The company also withdrew its FY20 guidance on April 13, citing broader business and macro uncertainties arising from the COVID-19.“We …read more […]