London exchange news service has lost market share

Fewer companies are choosing the London Stock Exchange’s Regulatory News Service (RNS) to disclose information to the financial markets, according to latest figures from a survey of primary information providers (PIP) market share.

The Knowledge Technology Solutions bi-annual survey showed RNS market share fell by 6.52 per cent over the past six months. Since the deregulation of its monopoly in 2002 it has dropped by nearly 12 per cent.

The survey identified BusinessWire as the main gainer, picking up 1.5 per cent over the six-month period and overtaking Waymaker as the PIP with the third-largest market share (6.32 per cent). RNS still disseminates 78 per cent of company information, while nearest rival PR Newswire has just 9.2 per cent.

Knowledge Technology Solutions chief executive Dr Marc Pinter-Krainer said those at the bottom of the table might find it hard to continue.

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