RE: Covid19 Grant17 May 2020 16:29
It's this.
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ArchivesMagazine - 14 Jun 2018
Understanding the different types of stock market announcements
Do you know the different types of RNS news and how each one is relevant?
14 June 2018|Education
Among the benefits of investing in a stock market-listed company is transparency. All London-listed firms are required to report important bits of information which could have an impact on their share price in a timely fashion.
If you’ve ever wondered what the different types of announcements mean, read on as we’ll explain the importance of the main ones.
Most companies communicate with the market through the Regulatory News Service (better known as RNS) – a service owned by the London Stock Exchange (LSE).
Close to 300,000 announcements are processed by RNS each year and more than 70% of all regulatory and potentially price-sensitive UK company announcements originate from RNS. Alternative distributors of regulatory news include PRNewswire, GlobeNewswire and BusinessWire.
Rather than go to each distributor’s own website to find the announcements, the easiest way is to use a specialist financial data website such as Sharesmagazine.co.uk (click the ‘Market News’ tab). Here you find all the main announcements in a single place.
The bulk of the announcements will be made at 7am which gives investors one hour to digest the news before the UK stock market opens. However, further announcements do trickle out throughout the day, albeit you’ll find that very few of these will relate to financial results or trading updates.
WHAT HAS TO BE DISCLOSED AND WHEN?
When, why and how companies update the market is governed by a series of rules from the Financial Conduct Authority, the London Stock Exchange and European Union.
The central point is a company must notify through an approved regulatory information service like RNS any inside information relating to the company.
For an item of news to be classed as ‘inside information’ it must meet the following criteria:
- Be of a precise nature and specific to the company
- Not be generally available
- Be likely to have a significant effect on the price of the shares (be price sensitive) if it were generally available
Price sensitive is generally deemed a swing of 10%. Being awarded a grant is price sensitive IMO.