LSE predicts bumper year for financial agencies

The number of regulatory ann­ouncements issued for companies on the London Stock Exchange (LSE) rocketed by 18 per cent last year, representing positive news for financial PR consultancies.

Simon Wilkinson, head of the LSE’s company news service RNS, said he expects the number of regulatory announcements to rise further during 2007, prompting more business for City PR outfits.

He added: ‘Adopting best practice in corporate disclosure can help companies meet investors’ demands for more transparency. The UK approach has been widely admired, and we expect the Transparency Directive to make disclosure standards widespread across Europe.’

The Transparency Directive took effect in the UK on 20 January. Its aim is to enhance transparency in EU capital markets by establishing rules for the disclosure of periodic financial reports and major shareholdings for companies that trade on a regulated market in Europe.

December recorded the highest-ever number of regulatory announcements in a month.

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