Deutsche Post under fire for massaging expectations
Deutsche Post, Europe’s largest postal service, has come under fire from lawyers and investors after the group prematurely issued analysts with operating figures ahead of its quarterly report next Monday.
A spokesperson for the German financial supervisory authority said that it would wait until the official figures are published on Monday, after reports in FT Deutschland, before they decided whether to take action against the company.
Lawyers told FT Deutschland, the Financial Times sister paper, that they believed the distribution of actual figures to analysts was a breach of German law.
“At a first glance what Deutsche Post has done is illegal. Market sensitive information has to be reported because it is information that can move the markets,” Klaus Rotter, an investment specialist said.
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