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| 18 JULY 2008 | | > Black Sun Survey on Half-Yearly Reporting | | Black Sun's survey of half-yearly reporting, released on 18 July 2008 assesses the impact of the Disclosure and Transparency Rules (January 2007) on non-December year-end reporters, with a focus on: What companies are calling their report, what content is contained within the report and how the document is distributed – either through print or online... |
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| 08 JULY 2008 | | > FSA and ICSA urge companies to warn shareholders about boiler room scams | | The Financial Services Authority (FSA) and the Institute of Chartered Secretaries and Administrators (ICSA) have jointly issued a standard warning leaflet for issue to shareholders about the dangers of boiler room scams. They urge listed companies to issue the warning to their shareholders... |
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| 02 JULY 2008 | | > FSA Opts for General Disclosure of CFDs | | Following its consultation paper issued in November 2007, the Financial Services Authority (FSA) has published an update on disclosure of contracts for difference (CfDs)... |
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| 30 JUNE 2008 | | > FinanceTalking new tutor – Julianne Jessup, MA ACII | FinanceTalking is delighted to announce that Julianne Jessup will be joining us as an associate tutor. Julianne Jessup has 25 years of experience in the City which includes ten years in investment banking as an equity analyst specialising in insurance. In this role she was ranked leading analyst of the insurance broking sector in both the Extel and Institutional Investor surveys for three consecutive years...
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| 26 JUNE 2008 | | > Bradford & Bingley placed on “amber top” by ABI’s voting service | | The Institutional Voting Information Service (IVIS), operated by the Association of British Insurers (ABI), announced that it has placed an "amber top" on the amended rights issue by Bradford & Bingley and proposed sale of a 23 per cent stake to TPG Investment, due to “breaches of fundamental principles of sound governance”... |
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| 25 JUNE 2008 | | > Black Sun releases research into FTSE 100 narrative reporting | | Back Sun Plc has released its third annual review of FTSE 100 narrative reporting, Complete 100 – another year of moving forward , and has found a continuing improvement in the quality of narrative reporting, although not the step change seen in earlier years... |
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| 24 JUNE 2008 | | > SEC launches fundamental review of disclosure obligations | | The Securities and Exchange Commission (SEC) has launched a fundamental review of the way in which it acquires information from public companies, mutual funds, brokers, and other regulated entities, and the way it makes that information available to investors and the markets... |
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| 15 JUNE 2008 | | > E-comms legislation risks disenfranchising retail shareholders argues Merchant | | In its latest edition of “Who Does What”, Robert Moser, the Managing Partner of Merchant Group LLP argues that the legislation allowing public companies to default to electronic communication with shareholders has led to companies offering a confusing mixture of annual reports, annual reviews, summary financial reports and electronic communication, none of which has improved communication... |
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| 13 JUNE 2008 | | > Woolworths fined £350,000 for delay in disclosing inside information | | The FSA ruled that this information was precise, not generally available, and if disclosed would be likely to lead to a significant fall in the price of Woolworth shares, and so should have been disclosed immediately on 20 December 2005 in accordance with Disclosure Rule 2.2. Instead the information was released in a scheduled trading statement on 18 January 2008, nearly a month later... |
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| 13 JUNE 2008 | | > FSA announces new disclosure regime for short selling in advance of a rights issue | | The Financial Services Authority (FSA) announced new measures having effect from 20 June 2008, requiring disclosure of significant short positions in shares traded on prescribed markets which are undertaking a rights issue. At the same time the FSA has announced a wider review of how capital raising by companies can be made more orderly and efficient... |
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| 06 JUNE 2008 | | > FSA changes advice on wording of e-communications letters | | The Financial Services Authority (FSA) has changed the advice given in List! 17 with regard to letters to be sent to shareholders asking them to “opt in” to receive hard copy communications, or be deemed to consent to receive notification of electronic communications instead... |
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