Shipping giant Maersk shares slide 14% after suspending share buybacks amid Red Sea disruption

LONDON — Shares of Danish shipping giant Maersk slumped more than 14% in early trade Thursday after it flagged "high uncertainty" in its 2024 earnings outlook amid Red Sea disruptions and an oversupply of shipping vessels. The company also said that it would be suspending share buybacks on the…#danish #maersk #redsea #vincentclerc #squawkboxeurope #ocean

Source: Reuters: Health - February 8, 2024 Category: Consumer Health News Source Type: news