Business Wire Solidifies Its Standing as a Leading Regulatory Information Service by Adding Major Investment Banks, Multinationals as Competitive Disclosure Model Turns One.Business Editors LONDON--(BUSINESS WIRE)--April 16, 2003 Business Wire successfully completed its first year as a FSA-sanctioned Regulatory Information Service with a flurry of new business activity, continuing a trend that has made the global commercial news service the sector's fastest-growing provider of price-sensitive news from LSE-listed companies, it was announced today. Business Wire's forward momentum has been spurred by a raft of annual service agreements with leading investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. and multinational corporations
A survey issued earlier today showed Business Wire's marketshare at slightly above two percent; Business Wire's own internal tracking documents that the company has approached double-digit marketshare during the most recent quarter. A half-dozen prominent investment banks have recently come on board, joining the ranks of FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. 100 and Fortune 500 companies that routinely rely on Business Wire to satisfy their disclosure obligations in the United Kingdom. "Since transferring our business in the last quarter of 2002, ABN Amro ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) has found the transition, with the extended help of Business Wire's staff, a seamless task," said Regan Carey, compliance monitoring manager. "The product itself is a streamlined process and user-friendly, freeing up our resources at a time when we all face resource constraints. It has helped us keep a tighter control over our budget. We're very happy with the product and the service." "Business Wire is proud to have made such tremendous strides over the past 12 months. Our growth is a tribute to the professionalism of our UK team and the entire Business Wire staff," noted Cathy Baron Tamraz, president of Business Wire. "We're pleased that the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. had the wisdom and foresight to end the RNS's monopoly status and deregulate deregulate To reduce or eliminate control. One of the major forces in the financial markets in the 1970s and 1980s was the federal government's decision to deregulate interest rates. the disclosure news market. Business Wire is aggressively pursuing similar opportunities in financial markets worldwide. The UK model is a benchmark for corporate transparency For other definitions of transparency, see . Corporate transparency is a form of radical transparency : The construct removing all barriers to - and facilitating of - free and easy public access to corporate, political and personal information and the laws, rules, social and equal access for all market participants." The London office exceeded its sales targets last year and has emerged as one of the Business Wire's fastest growing offices. Dick Bromley recently succeeded Gabi Richard as UK manager. Business Wire anticipates continued sales growth in its European operations in 2003 as it explores additional opportunities for international expansion. ABOUT BUSINESS WIRE: Business Wire was founded in 1961 by its chairman/CEO, Lorry I. Lokey, veteran journalist and public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most executive. Business Wire's multi-channel delivery network provides real-time, simultaneous access to key audiences--the news media, trade publications, institutional and individual investors, business-to-business decision-makers and consumers. The company electronically disseminates some 1,000 full-text news releases daily to the news media, the Internet, online services and databases, and the global investment community. Business Wire has network access to some 60 international and national news agencies, financial information providers, and Web-based news services throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , the Middle East and Africa. Business Wire has offices in London, Frankfurt and Brussels, as well as 26 U.S. offices, and reciprocal offices worldwide. |
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