Covid-19 Archive

Apr 03, 2020
To postpone or go virtual? Companies adapt investor day plans due to Covid-19 lockdown
GoDaddy put on a day of virtual presentations, product demonstrations and Q&A. Moody’s Corporation switched the format to an online fireside chat. And Fiserv postponed until the fall, although it still released new cost-saving targets.  These are just a few examples of how companies are adapting their investor day plans in the face of the Covid-19 outbreak, which has led to a ban on public gatherings across much of the developed world.  The spread of ...
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Apr 03, 2020
The week in investor relations: Record declines, economic projections and fund rebalancing
– Stock markets suffered some of their worst falls for decades in the first quarter of 2020 as investors responded to the coronavirus outbreak, reported the BBC. The FTSE 100 Index dropped 25 percent and the Dow Jones Industrial Average fell 23 percent, marking their biggest quarterly declines since 1987. The S&P 500, meanwhile, experienced its biggest quarterly drop since 2008.  – ...
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Apr 02, 2020
ESG and engagement continue amid Covid-19, says Nuveen’s Reali
The Covid-19 pandemic has yet to have much of an impact on shareholder engagement or Nuveen’s pursuit of ESG issues, according to Peter Reali, senior director of responsible investing at Nuveen. The coronavirus outbreak has caused unprecedented disruption to daily and economic life globally in the build-up to the peak of this year’s proxy season, including forcing millions of people to work from home and practice social distancing. But Reali notes that at...
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Apr 01, 2020
How Covid-19 is affecting earnings guidance and dividend payments
Covid-19 has led to unprecedented levels of volatility, complexity and uncertainty for issuers, investors and investment banks. Accordingly, issuers are updating or suspending financial guidance they had previously published, and deploying a range of conservative capital allocation strategies, including cutting or suspending dividends and share buybacks. IR Magazine is working with Intelligize, a Lexi...
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Mar 31, 2020
NIRI postpones annual conference due to Covid-19
The NIRI annual conference, which was scheduled for June 14-17, has been postponed until further notice, with hopes to reschedule for early December, NIRI president and CEO Gary LaBranche says. NIRI announced the decision to its members on March 26, after the board unanimously voted to postpone the conference last week. LaBranche says NIRI’s leadership is working with the venue – the Fontainebleau in Miami Beach – to secure a new date. All hotel bookings will ...
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Mar 31, 2020
How banks should prepare for first-quarter earnings in light of Covid-19
Given the rapid acceleration of the Covid-19 pandemic, the first-quarter 2020 reporting season will be the most challenging period for banks since the Great Recession.  Management teams will likely face many questions they have never been asked before as the investment community attempts to assess the current and future impact of the Covid-19 crisis on their companies. Based on our discussions ...
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Mar 30, 2020
DIRK cancels annual conference due to Covid-19 disruption
DIRK, the German investor relations association, has announced the cancellation of its annual conference due to the ongoing disruption caused by the coronavirus outbreak. The conference, due to be held this year on June 8-9, is the association’s main annual event and normally attracts around 400 IROs.  ‘This decision was not an easy one for us because we put a lot of time and passion into t...
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Mar 27, 2020
Post-pandemic equity stories: A CEO’s guide to the future
The gift of hindsight, when applied to large-scale crises, can make us all look wise. Looking back, it seems obvious that subprime mortgages were inappropriate vehicles for huge debt investments. Looking back, it seems obvious that Enron, Madoff and Lehman Brothers were not viable businesses. Looking back, it seems obvious that a bull run could not continue forever. The current Covid-19 crisis will be ...
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Mar 27, 2020
Slack CEO lifts lid on earnings amid Covid-19 in tweetstorm
Stewart Butterfield, CEO of work collaboration tool Slack, has given social media an inside look at last week’s fourth-quarter earnings call through a string of updates on Twitter.  The 40-odd posts – published simultaneously in what is known as a tweetstorm – catalogue Butterfield’s thoughts and actions over the last two weeks as he led his company through the growing spread of Covid-19. ...
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