6 things you didn't know about Thomson Reuters
HERE are some things you might not know about the new Thomson Reuters, which had its first day of trading as a combined company yesterday under the ticker symbol TRI in New York and Toronto, and TRIL in London. 1. According to Google Finance, the company does not exist. 2. CEO Tom Glocer is the [...]
Business Wire in NYSE deal — shock, horror
NO I’M not going to freak out about this the way I did about NASDAQ owning a news release business at the same time as requiring its listed companies to use press releases to distribute their information. From a release issued by BW this afternoon: Business Wire, NYSE Enter into an Affinity Marketing Partnership That [...]
Amid proxy fight, investors still love Applebee's IRO
By Dominic Jones BEHOLD Carol DiRaimo, vice president of investor relations for restaurant chain Applebee’s International, Inc. If I’m reading her National Investor Relations Institute board member bio right, that makes it four times in a row she’s been crowned the best investor relations officer in the mid- and small-cap category in the IR Magazine [...]
With a sell side like this, who needs enemies?
ANALYSTS at big brokerage firms are increasingly becoming short-term trading strategists for hedge fund clients rather than providers of research to longer-term investors, according to Bloomberg. Sell-side analysts are so busy chasing lucrative trading dollars from hedge funds that they don’t have time to even take calls from big mutual fund managers. “You have to [...]
IR websites replace phone for fund manager
REAL IR, the investor relations magazine focused on Europe, has an interesting cover story this month that shines a spotlight on investors’ ever increasing expectations for IR websites. In the article, Niall Paul, 34, who overseas $64 billion in equities for Morley Fund Management in London, says that just over half of the IR websites [...]
Why boards must get web savvy
AS the power struggle between big shareholder groups and powerful business interest seems destined to intensify, corporate boards must move to strengthen their communication capabilities or risk being sidelined in the debate. The battle lines are being drawn between institutional investors determined to gain greater access to corporate boards and the business lobby rallying to [...]