The challenge for companies targeting AIM 13/08/2010
With AIM investment advisers speaking of ‘cautious optimism’ and a ‘stronger deal pipeline’, Robert Tyerman assesses whether we are soon to see a deluge of new issues
Proposals to change European broadcasting regulations have been met by firm opposition from a UK media alliance that includes BT, Vodafone, NTL and Channel 4.
The campaigning coalition of companies across the broadcasting, telecoms, new-media and advertising sectors fears the draft Audiovisual Media Services Directive currently under discussion in Brussels will not only deter new entrants but also existing new-media players from the market and divert investment and innovation away from the EU.
Moreover, the group is worried about the proposal to extend regulation that was originally designed for traditional scheduled broadcast television to the embryonic ‘on-demand’ market, ‘despite the fact that there is already adequate EU-level regulation and self-regulation’.
‘As currently drafted, this directive is likely to confuse businesses, overwhelm regulators and let down consumers,’ argues Antony Walker, CEO of the Broadband Stakeholder Group. ‘The result could be an all-encompassing regulatory framework that takes five years to implement, undermines existing safeguards and proves largely unenforceable.’
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With AIM investment advisers speaking of ‘cautious optimism’ and a ‘stronger deal pipeline’, Robert Tyerman assesses whether we are soon to see a deluge of new issues
Accountancy firm PricewaterhouseCoopers has bearishly declared that by 2015 there is ‘a 50 per cent chance that property prices will be below 2007 levels’.
As Tajikistan-focused gold explorer Kryso Resources celebrates the appointment of experienced gold miner Andre Gaston as chief operating officer, London public relations outfit Walbrook has announced to an unsuspecting world that it has won the PR account for the AIM-quoted company.