Note the strength of brokers and the lack of independent IR agencies in the UK. But is the market moving closer to the US model?
'I've always believed that investor relations is a variegated market,' says Chris Birks, director at London-based IR consultancy Frew MacMaster. 'For some UK companies, the IR service offered by brokers is probably all they want and all they need. It's not a question of black and white - more a question of horses for courses.' It's a veiled criticism of the competition, of course, although he's careful not to refer to them as competitors. Birks has just spent the previous half hour outlining
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