Fat fingers can get people into all sorts of trouble – especially when one mistakenly fat fingers a company’s earnings ahead of schedule.
From Danish food ingredient-maker Danisco on Wednesday:
Danisco regrets unintentional access to market sensitive information It was with deep regret that we today ascertained that it has been possible to download our quarterly results before the actual release to OMX Nordic Exchange.
Immediately after gaining knowledge of the incident, we launched an internal investigation which has revealed that an employee has unintentionally violated our business practice relating to publishing market sensitive information. This has led to a reprimand of the employee in question.
For more information, please contact: Michael von Bülow, VP of Communications and Investor Relations, Danisco, tel.: +45 21 49 23 05.
And after the “incident”:
COPENHAGEN, Dec 16 (Reuters) – Danish food ingredients and enzymes maker Danisco (DCO.CO: Quote, Profile, Research) slashed its full-year net profit forecast on the back of a goodwill writedown on its sweeteners business, sending its shares lower.
The company said on Wednesday it would take a third-quarter writedown of 700 million Danish crowns ($137 million) on its sweeteners business, where revenues dropped 16 percent, and cut its profit forecast to 200 million crowns from 700 million.
Regrettable indeed.
Related links:
My big fat dollar finger – FT Alphaville
FT Alpahville wishes to isue a corroction – FT Alphaville
The curse of the fat-fingered trader – FT Alphaville (2007)