European companies told to come clean on coronavirus pain

LONDON - Listed companies in the European Union should state the uncertainties they face due to the coronavirus pandemic in their half-yearly reports and explain why they can stay in business, the bloc’s securities watchdog said on Wednesday.

“ESMA also highlights the importance of providing information on the identification of the principal risks and uncertainties to which issuers are exposed,” it said in a statement. Companies should also spell out conditions attached to any relief measures they have accepted from governments and regulators during the pandemic, it said.

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