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Reuters scoops Gamesa profit warning

Reuters scoops Gamesa profit warning

Share trading in Gamesa, one of the world´s leading turbine manufacturers, was suspended after Reuters broke news that the Spanish firm´s business plan contained a warning on 2011 profits. Reuters reported on Gamesa´s long-awaited business plan on Oct 11, ahead of the official announcement, and before an investor presentation in London, giving clients a good 20 minutes head start on the content. Trading volumes in the stock surged and trading was suspended. Gamesa was obliged by the regulator to publish a press release confirming the story. When trading in Gamesa shares resumed, they fell 6 percent.

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