Understanding Company News

Jacket text for Understanding Company News

This book looks at company announcements, focussing on those issued through the London Stock Exchange by listed companies.

Almost all these announcements - such as annual results, share buying by directors, profit warnings and updates on current trading - are required under stock exchange rules or European Union directives. This book explains these rules and shows how to make sense of the announcements; enabling investors and others to take informed decisions.

The book is divided into three sections:

Section A looks at what the rules are, why they have been imposed and how they have evolved to give private investors a much fairer opportunity of competing with professional investors.

Section B lists and explains the routine statements that all companies issue on a regular basis: trading statements and profit figures. It tells readers what to look for, explains company jargon and shows how to read between the lines when all is not as well as it seems.

Section C considers important announcements, such as profit warnings and directors' share dealings, that are issued on an irregular basis as they arise. It explains which announcements are likely to affect the share price and why.

'Understanding Company News' is for all those baffled shareholders who throw communications from their companies straight into the bin and any investors who read company pronouncements but perhaps naively take everything they see at face value. And anyone working in related industries looking to untangle these company announcements will also find this book extremely valuable.

Chapter headings for Understanding Company News

Index of Case Studies
About the author
Preface
Introduction

Section A - The rules

1. The Right To Be Informed
2. Rules That Companies Must Follow
3. News Sources

Section B - Regular Statements

4. Trading Statements
5. Profit Figures
6. AGMs

Section C - One-off Statements

7. Alerts
8. Takeover Approaches
9. Rights Issues and Placings
10. Changes in Important Shareholdings
11. Board Changes
12. Other Non-routine Issues
13. Scary But Harmless Announcements

A Final Note - On Trading

Appendix
- Timetables

Index

About Rodney Hobson

Rodney Hobson is an experienced financial journalist who has held senior editorial positions with publications in the UK and Asia, most recently as Editor of Hemscott, the financial news and information website. Among posts he has held are News Editor for the Business section of The Times, Business Editor of the Singapore Monitor, Deputy Business Editor of the Far Eastern Economic Review, Head of News at Citywire and Editor of Shares magazine. He has also contributed to the Daily Mail, the Independent and Business Franchise Magazine. He is registered as a Representative with the Financial Services Authority. Rodney is married with one daughter.

More about Rodney Hobson