ESG Archive

Nov 01, 1995
Ericsson shareholders got the first inkling of a huge capital increase in the company's half-year report. CEO Lars Ramqvist described an extensive restructuring, with an increased need for working capital, during a rapid growth phase. Moreover, new telecoms players need help with financing. Against this backdrop, Ramqvist proposed a capital increase, and shareholders voted in September to strengthen the balance sheet with a $1 bn rights issue to close in October - th...
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Nov 01, 1995
New York-based IR firm Georgeson & Co has introduced its SynerG shareholder base management software into the UK. Designed in-house, the program draws on proprietary databases and external data feeds to provide current and historical ownership data on your screen. It currently covers 1,200 institutional profiles in the UK, continental Europe and the US, giving the time-starved IRO ready access to investment criteria, ownership trends and voting policies. The syst...
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Nov 01, 1995
From their Wall Street bastions, US rating agencies maintain a vigil over the financial landscape, alert to the smallest change. The likes of S&P, Moody's and Duff & Phelps Credit Rating Co strive to provide investors with high quality, objective, analytical information. For those individuals concerned with debt investor relations - and therefore interested in influencing rating agencies - understanding their inner workings is critical. A good presentat...
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Nov 01, 1995
'Cheers' said Hugh, raising his glass. 'Or should that still be Sant at this point?' Everyone on the Paris to London train felt obliged to mark the moment that it entered the tunnel. In time, I suppose, people will become blas about it. But for now travelling under the Channel remains a wonder, even for frequent travellers. Looking out of the window, I pondered the cause of this wonderment. The trains and the control systems might use some of the world's most ...
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Nov 01, 1995
Billed as one of the few drawn-out hostile battles left on Wall Street, Moore Corp's hostile bid for Wallace Computer Services Inc has made a few executives sweat. But at least it's keeping the advisory teams busy. Toronto-based Moore launched its bid for Wallace at the end of July with a $56-a-share cash offer for the Illinois-based business forms producer. Wallace's board rejected the initial offer, supported by the company's shareholders. Now a proxy figh...
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Nov 01, 1995
The very concept of a new profession called investor relations is remarkable in itself, as is the notion that individuals who practise it - chief financial officers, company secretaries, directors of corporate communications and so on - should need directing in this new science (or art). After all, the relationship between companies and investors is self-evident, dating back at least to the Medicis. But the separation of ownership and management in the 20th ce...
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Nov 01, 1995
It's been a busy time for Ludgate Communications in continental Europe of late. First up comes the IPO for Adidas, the German sports goods company, which kicked off on the roadshow trail in late October with stop-offs in Paris, Amsterdam, London and New York among others. Ludgate beat off competition from Dewe Rogerson and Gavin Anderson to secure the financial communications contract on what is expected to be Germany's second largest share offer this yea...
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Nov 01, 1995
JP Morgan launched the first depositary receipt programme for South African bonds in September. The programme allows international investors to buy DRs on bonds listed by Eskom, the state-owned electric utility, without having to bear the costs of trading in Eskom's home market. Eskom is South Africa's second largest domestic bond issuer with a total outstanding face value of $6.9 bn as of August 31, 1995. The Level 1 OTC-traded DRs will cover four bond issues ...
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Oct 01, 1995
If anyone thought that 2,104 Japanese companies holding their shareholder meetings on the same day would lead to a few juicy reports of managements being held to account by irate shareholders, they had better think again. That's not the way things go in corporate Japan, even with a falling stock market. Probably the biggest disturbance on June 29 was to the holiday plans of the Japanese police force. More than 10,000 officers were put on alert to protect companies a...
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Oct 01, 1995
'Do you surf the net?' said Tony, staring down at me in the mirror. Now, I know it's a barber's right to choose the subjects for discussion, but cyberspace was not on Tony's usual agenda. Last time, the conversation - or monologue - had revolved more predictably around Marcia Clarke, Rush Limbaugh and George Steinbrenner. I wanted to explain that what I did couldn't really be called surfing; it was more like paddling gingerly in the shallows while wearing a li...
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