Latest news with #Schell
Yahoo
4 days ago
- Business
- Yahoo
German watchdog finds no abuse in companies' pre-results calls with analysts
By Tom Sims FRANKFURT (Reuters) -An investigation by Germany's financial watchdog has found no reason to change companies' practice of communicating with analysts before publishing results, following media concerns about the potential disclosure of insider information. Regulators have taken a closer look at so-called pre-close calls after media reports highlighted an apparent connection between high volatility in share prices and the communication with analysts. Germany's BaFin watchdog disclosed at a conference on Monday the findings of a study it began last year. Details will likely be published this week. "We do not currently see any systematic problems with the execution of pre-close calls," Christoph Schell, a BaFin official who studies market surveillance and abuse, said at the conference. Strong price reactions are isolated cases, and there is no need to tighten rules around the calls, he added. Last year, the European Union's securities watchdog warned that companies should not share market-sensitive information with external analysts ahead of their financial statements. The practice of pre-close calls is widespread - not just in Germany. It is typically communication before the publication of financial statements, between a company and analysts who generate research, forecasts and recommendations on the company's shares and bonds. Supporters say the calls contribute to the orderly functioning of markets. Schell said that BaFin found in its study that 63% of companies listed on Germany's DAX index of blue-chips and the MDAX of smaller companies hold pre-close calls. More than 90% of those companies conduct individual chats with analysts, he said. BaFin found that 70% of the market trading around calls it investigated showed no significant market reaction, while only 10% did. "We have investigated these cases and have so far found no evidence of any unauthorized disclosure of insider information," Schell said. He added that companies should nevertheless be as transparent as possible, by announcing the calls on their websites and holding them in a group format rather than individually.
Hamilton Spectator
23-05-2025
- Sport
- Hamilton Spectator
Canadian women dominate Australia in 45-7 Pacific Four Series rugby win
BRISBANE - Defending champion Canada ran in seven tries en route to a lopsided 45-7 women's rugby win over Australia on Friday, completing an unbeaten run through the Pacific Four Series. The second-ranked Canadians must now await the outcome of No. 3 New Zealand's home game against the ninth-ranked U.S. on Saturday in North Harbour to see whether they retain their title. Canada and New Zealand went into the final round tied on eight points after their 27-27 draw last Saturday in Christchurch. But New Zealand held the tiebreaker edge over Canada — a plus-26 points differential compared to plus-12 for Canada. The Canadians (2-0-1) achieved their goal Friday by defeating Australia (1-2-0), scoring four tries for a bonus point and running up the score. A New Zealand bonus-point win Saturday and the title will be decided by points differential. Canada's points differential now stands at plus-50. But the Black Ferns will undoubtedly add to their differential, having thumped the U.S. 57-5 when they met in last year's Pacific Four Series. Canada improved to 7-0-0 all-time against No. 6 Australia. Canada dominated set pieces, pushing back the Wallaroos in the scrum and winning lineouts. The Canadians led 26-0 at the half and could have added to the lead, with another try called back for obstruction and handling errors ending other attacks. But the Canadian passing was silky-smooth for most of the game with the backs looking dangerous and hard-running forwards pounding the Australian defence. McKinley Hunt, Karen Paquin, Julia Schell, Laetitia Royer, Krissy Scurfield, captain Alex Tessier and Fabiola Forteza scored tries for Canada. Schell booted five conversions. Desi Miller scored Australia's try with Faitala Moleka adding the conversion. The two teams could meet again in the World Cup quarterfinals this summer in England. The game at Suncorp Stadium was the first half of a doubleheader, followed by a Super Rugby matchup between the Queensland Reds and Hurricanes. Canada had lost just one of its nine previous matches (7-1-1) while the Wallaroos had won five of their last six. Canada opened tournament play with a 26-14 win over the U.S. on May 2 in Kansas City. Australia lost its opener 38-12 to New Zealand in Newcastle, Australia, before bouncing back to beat the U.S. 27-19 in Canberra. The Australians were under pressure from the get-go Friday and Canada went ahead in the third minute with Hunt touching down at the back of a prolonged rolling maul after Canada stole a Wallaroos lineout. Paquin went over in the 11th minute after a powerful run by prop DaLeaka Menin for a 14-0 lead with Schell scoring in the 19th minute off another errant Wallaroos lineout. A Canada try off a rolling maul in the 25th minute was called back for obstruction. When the Wallaroos did make it deep into the Canadian end later in the first half, they were unable to penetrate the defence. Royet scored Canada's fourth try, earning the bonus point, on the stroke of halftime after Australia was penalized at the breakdown. The Wallaroos came out with purpose in the second half, only to see a try in the 43rd minute called off for a knock-on. Australia kept coming and Miller scored two minutes later. Canada added tries by Scurfield (48th minute), Tessier (52nd) and Forteza (72nd) to complete the victory. Another Forteza try was called back for a forward pass while Schell, looking to improve Canada's points differential, missed a penalty in added time when her kick hit the goalpost. The match was refereed by transplanted Canadian Maggie Cogger-Orr, a native of Markham, Ont., and former McMaster University rugby player who moved to New Zealand in 2014. All four Pacific Four Series teams are preparing for the World Cup, which kicks off Aug. 22 in England. The Canadians have been drawn in Pool B with No. 7 Scotland, No. 10 Wales and No. 16 Fiji. Canada's next games are against No. 12 South Africa in Pretoria on July 5 and Gqeberha on July 12. Its final tune-up is Aug. 9 against No. 5 Ireland in Belfast. Canada won last year's Pacific Four Series with its first-ever victory over New Zealand, defeating the Black Ferns 22-19 in Christchurch. The Canadian women had lost all 17 meetings with New Zealand before that. Canada also won the inaugural Pacific Four Series in 2021, when the event consisted of a two-game series with the U.S. due to COVID travel restrictions. The Canadians finished runner-up to New Zealand in 2022 and 2023 when the competition was expanded to four teams. Canada improved to 12-5-1 since losing 36-0 to France in the third-place game at the World Cup in November 2022. Four of those losses were to England, with the other to New Zealand. —- This report by The Canadian Press was first published May 24, 2025
Winnipeg Free Press
23-05-2025
- Sport
- Winnipeg Free Press
Canadian women dominate Australia in 45-7 Pacific Four Series rugby win
BRISBANE – Defending champion Canada ran in seven tries en route to a lopsided 45-7 women's rugby win over Australia on Friday, completing an unbeaten run through the Pacific Four Series. The second-ranked Canadians must now await the outcome of No. 3 New Zealand's home game against the ninth-ranked U.S. on Saturday in North Harbour to see whether they retain their title. Canada and New Zealand went into the final round tied on eight points after their 27-27 draw last Saturday in Christchurch. But New Zealand held the tiebreaker edge over Canada — a plus-26 points differential compared to plus-12 for Canada. The Canadians (2-0-1) achieved their goal Friday by defeating Australia (1-2-0), scoring four tries for a bonus point and running up the score. A New Zealand bonus-point win Saturday and the title will be decided by points differential. Canada's points differential now stands at plus-50. But the Black Ferns will undoubtedly add to their differential, having thumped the U.S. 57-5 when they met in last year's Pacific Four Series. Canada improved to 7-0-0 all-time against No. 6 Australia. Canada dominated set pieces, pushing back the Wallaroos in the scrum and winning lineouts. The Canadians led 26-0 at the half and could have added to the lead, with another try called back for obstruction and handling errors ending other attacks. But the Canadian passing was silky-smooth for most of the game with the backs looking dangerous and hard-running forwards pounding the Australian defence. McKinley Hunt, Karen Paquin, Julia Schell, Laetitia Royer, Krissy Scurfield, captain Alex Tessier and Fabiola Forteza scored tries for Canada. Schell booted five conversions. Desi Miller scored Australia's try with Faitala Moleka adding the conversion. The two teams could meet again in the World Cup quarterfinals this summer in England. The game at Suncorp Stadium was the first half of a doubleheader, followed by a Super Rugby matchup between the Queensland Reds and Hurricanes. Canada had lost just one of its nine previous matches (7-1-1) while the Wallaroos had won five of their last six. Canada opened tournament play with a 26-14 win over the U.S. on May 2 in Kansas City. Australia lost its opener 38-12 to New Zealand in Newcastle, Australia, before bouncing back to beat the U.S. 27-19 in Canberra. The Australians were under pressure from the get-go Friday and Canada went ahead in the third minute with Hunt touching down at the back of a prolonged rolling maul after Canada stole a Wallaroos lineout. Paquin went over in the 11th minute after a powerful run by prop DaLeaka Menin for a 14-0 lead with Schell scoring in the 19th minute off another errant Wallaroos lineout. A Canada try off a rolling maul in the 25th minute was called back for obstruction. When the Wallaroos did make it deep into the Canadian end later in the first half, they were unable to penetrate the defence. Royet scored Canada's fourth try, earning the bonus point, on the stroke of halftime after Australia was penalized at the breakdown. The Wallaroos came out with purpose in the second half, only to see a try in the 43rd minute called off for a knock-on. Australia kept coming and Miller scored two minutes later. Canada added tries by Scurfield (48th minute), Tessier (52nd) and Forteza (72nd) to complete the victory. Another Forteza try was called back for a forward pass while Schell, looking to improve Canada's points differential, missed a penalty in added time when her kick hit the goalpost. The match was refereed by transplanted Canadian Maggie Cogger-Orr, a native of Markham, Ont., and former McMaster University rugby player who moved to New Zealand in 2014. All four Pacific Four Series teams are preparing for the World Cup, which kicks off Aug. 22 in England. The Canadians have been drawn in Pool B with No. 7 Scotland, No. 10 Wales and No. 16 Fiji. Canada's next games are against No. 12 South Africa in Pretoria on July 5 and Gqeberha on July 12. Its final tune-up is Aug. 9 against No. 5 Ireland in Belfast. Canada won last year's Pacific Four Series with its first-ever victory over New Zealand, defeating the Black Ferns 22-19 in Christchurch. The Canadian women had lost all 17 meetings with New Zealand before that. Canada also won the inaugural Pacific Four Series in 2021, when the event consisted of a two-game series with the U.S. due to COVID travel restrictions. The Canadians finished runner-up to New Zealand in 2022 and 2023 when the competition was expanded to four teams. Canada improved to 12-5-1 since losing 36-0 to France in the third-place game at the World Cup in November 2022. Four of those losses were to England, with the other to New Zealand. — This report by The Canadian Press was first published May 24, 2025
Toronto Star
17-05-2025
- Sport
- Toronto Star
Late try gives New Zealand a 27-27 tie with Canada in Pacific Four Series rugby
CHRISTCHURCH - Sylvia Brunt scored with the clock in the red as reigning World Cup champion New Zealand rallied for a 27-27 tie with Canada in Pacific Four Series women's rugby play Saturday. Black Ferns fly half Ruahei Demant had a chance to win it but missed a difficult conversion from the sideline. It was a pulsating ending to a hard-fought game, with the Black Ferns' final attack lasting more than 20 phases — blunted repeatedly by some desperate Canadian defence until Brunt went over. ARTICLE CONTINUES BELOW Shoshanah Seumanutafa had scored in the 76th minute to give Canada a 27-22 lead, touching down with a desperate lunge for the try-line after breaking through two tacklers. Julia Schell missed the conversion leaving Canada ahead by five points. The game was tied 12-12 after a high-paced, intense first half that featured some fierce if occasionally sloppy play at the breakdown, with the high error rate not unexpected from two teams playing just their second test of the year. Still it was a measuring stick for both teams, with Canada ranked second in the world and New Zealand No. 3, some three months ahead of the Rugby World Cup in England where the two sides could meet in the semifinal. There were big hits delivered by both sides, with Canadian flanker Karen Paquin flattening a New Zealand ball-runner in the first half. Canada also impressed at set pieces, controlling lineouts and bossing some scrums. Canadian back Asia Hogan-Rochester, who needed treatment late in the first half, was replaced at the break. In the second half, Canada lost backrower Gabrielle Senft to injury and captain Alex Tessier when she failed a head injury assessment. Canada won last year's Pacific Four Series with its first-ever victory over New Zealand, defeating the Black Ferns 22-19 in Christchurch. Saturday's rematch was at the same venue, Apollo Projects Stadium. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW The Canadian women had lost all 17 meetings with the Black Ferns before that, with 10 of those defeats by 27 points or more. New Zealand had outscored Canada 718-176 before Saturday's game. Hogan-Rochester, DaLeaka Menin, Alysha Corrigan and Olivia Apps also scored tries for Canada. Schell kicked a conversion. Ayesha Leti-I'iga scored two tries for New Zealand with Braxton Sorensen-McGee adding a single. Demant booted two conversions and a penalty. New Zealand had needed to win Saturday to replace Canada in second place in the rankings. New Zealand pulled ahead 19-12 in the 54th minute when Leti-I'iga gathered in Brunt's deft grubber kick to score her second try. Sorensen-McGee, an 18-year-old fullback played in just her second test match, set the table with a swerving run through traffic. Canada responded with Apps darting over for a try after a rolling maul stalled near the Black Ferns try-line. But Schell missed the conversion near the sideline, leaving Canada trailing 19-17. The Canadians kept coming and, taking advantage of a poor New Zealand clearing kick, scored again in the 64th with Corrigan scoring on an overlap for a 22-19 lead. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW The Black Ferns tied it up in the 69th minute via a Demant penalty kick in front of the posts. Canada opened tournament play May 2 with a 26-14 win over the ninth-ranked U.S. New Zealand defeated No. 6 Australia 38-12 in its tournament opener last Saturday in Newcastle, Australia. Australia hosted the U.S. in Canberra later Saturday. Canada closes out the tournament against Australia at Suncorp Stadium in Brisbane on May 23. That same day, New Zealand plays the U.S. in Auckland. The Pacific Four Series marks the Canadian women's first time together this year ahead of the World Cup, which runs Aug. 22 to Sept. 27 in England. Canada has been drawn in Pool B with No. 7 Scotland, No. 10 Wales and No. 16 Fiji. Canada went into Saturday's game with a lineup reinforced by players from the sevens side that finished third at the HSBC SVNS World Championship. New Zealand star Portia Woodman-Wickliffe, coming out of international retirement, started on the wing in her first international 15s game since the World Cup final in November 2022. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Canada also won the inaugural Pacific Four Series in 2021, when the event consisted of a two-game series with the U.S. due to COVID travel restrictions. The Canadians finished runner-up to New Zealand in 2022 and 2023 when the tournament was expanded to four teams. Canada has an 11-5-1 record since losing 36-0 to France in the third-place game at the World Cup in November 2022. Four of those losses were to England, with the other to New Zealand. —- This report by The Canadian Press was first published May 17, 2025 Read more rugby news at
Hamilton Spectator
17-05-2025
- Sport
- Hamilton Spectator
Late try gives New Zealand a 27-27 tie with Canada in Pacific Four Series rugby
CHRISTCHURCH - Sylvia Brunt scored with the clock in the red as reigning World Cup champion New Zealand rallied for a 27-27 tie with Canada in Pacific Four Series women's rugby play Saturday. Black Ferns fly half Ruahei Demant had a chance to win it but missed a difficult conversion from the sideline. It was a pulsating ending to a hard-fought game, with the Black Ferns' final attack lasting more than 20 phases — blunted repeatedly by some desperate Canadian defence until Brunt went over. Shoshanah Seumanutafa had scored in the 76th minute to give Canada a 27-22 lead, touching down with a desperate lunge for the try-line after breaking through two tacklers. Julia Schell missed the conversion leaving Canada ahead by five points. The game was tied 12-12 after a high-paced, intense first half that featured some fierce if occasionally sloppy play at the breakdown, with the high error rate not unexpected from two teams playing just their second test of the year. Still it was a measuring stick for both teams, with Canada ranked second in the world and New Zealand No. 3, some three months ahead of the Rugby World Cup in England where the two sides could meet in the semifinal. There were big hits delivered by both sides, with Canadian flanker Karen Paquin flattening a New Zealand ball-runner in the first half. Canada also impressed at set pieces, controlling lineouts and bossing some scrums. Canadian back Asia Hogan-Rochester, who needed treatment late in the first half, was replaced at the break. In the second half, Canada lost backrower Gabrielle Senft to injury and captain Alex Tessier when she failed a head injury assessment. Canada won last year's Pacific Four Series with its first-ever victory over New Zealand, defeating the Black Ferns 22-19 in Christchurch. Saturday's rematch was at the same venue, Apollo Projects Stadium. The Canadian women had lost all 17 meetings with the Black Ferns before that, with 10 of those defeats by 27 points or more. New Zealand had outscored Canada 718-176 before Saturday's game. Hogan-Rochester, DaLeaka Menin, Alysha Corrigan and Olivia Apps also scored tries for Canada. Schell kicked a conversion. Ayesha Leti-I'iga scored two tries for New Zealand with Braxton Sorensen-McGee adding a single. Demant booted two conversions and a penalty. New Zealand had needed to win Saturday to replace Canada in second place in the rankings. New Zealand pulled ahead 19-12 in the 54th minute when Leti-I'iga gathered in Brunt's deft grubber kick to score her second try. Sorensen-McGee, an 18-year-old fullback played in just her second test match, set the table with a swerving run through traffic. Canada responded with Apps darting over for a try after a rolling maul stalled near the Black Ferns try-line. But Schell missed the conversion near the sideline, leaving Canada trailing 19-17. The Canadians kept coming and, taking advantage of a poor New Zealand clearing kick, scored again in the 64th with Corrigan scoring on an overlap for a 22-19 lead. The Black Ferns tied it up in the 69th minute via a Demant penalty kick in front of the posts. Canada opened tournament play May 2 with a 26-14 win over the ninth-ranked U.S. New Zealand defeated No. 6 Australia 38-12 in its tournament opener last Saturday in Newcastle, Australia. Australia hosted the U.S. in Canberra later Saturday. Canada closes out the tournament against Australia at Suncorp Stadium in Brisbane on May 23. That same day, New Zealand plays the U.S. in Auckland. The Pacific Four Series marks the Canadian women's first time together this year ahead of the World Cup, which runs Aug. 22 to Sept. 27 in England. Canada has been drawn in Pool B with No. 7 Scotland, No. 10 Wales and No. 16 Fiji. Canada went into Saturday's game with a lineup reinforced by players from the sevens side that finished third at the HSBC SVNS World Championship. New Zealand star Portia Woodman-Wickliffe, coming out of international retirement, started on the wing in her first international 15s game since the World Cup final in November 2022. Canada also won the inaugural Pacific Four Series in 2021, when the event consisted of a two-game series with the U.S. due to COVID travel restrictions. The Canadians finished runner-up to New Zealand in 2022 and 2023 when the tournament was expanded to four teams. Canada has an 11-5-1 record since losing 36-0 to France in the third-place game at the World Cup in November 2022. Four of those losses were to England, with the other to New Zealand. —- This report by The Canadian Press was first published May 17, 2025
