Red faces at L & G after the accidental release of third quarter results
In an e-mail sent on Thursday afternoon for analysts, L & G stated that he "," inadvertently"included a draft of its financial figures for the third quarter with its numbers throughout the year for 2009.
L & G was scheduled to publish an update on its financial performance on November 9th, the company confirmed that it would still be moving forward with the release of a full game in the third quarter number on that date.
The new business numbers released show investment management company L & G recorded an increase in new funding to £ 27 gross 13pc. 6bn, compared to £ 24 United in the first nine months of 2009.
Analysts surprised by the accidental release of numbers if they were greeted by as a positive performance L & G update.
Eamonn Flanagan, broker Shore Capital, said "the surprising announcement" is "excellent reading for investors" and drew attention to the growth of new business 15pc pensions and life around the world.
"This implies a rebound encouraging consumption activity for us, and highlights the strength of the platform for distribution of legal information, said Mr. Flanagan.
Deutsche Bank analysts have benefited L & G error to update guidelines of the Bank clients on shares, increasing the price target for the price of the part of the 7pc at 109 p and the maintenance of its "hold" rating.
L & G shares slipped 0.6 percent 103,7 despite the positive response among analysts.
The accidental release of third quarter numbers highlights the practice among companies rated to provide direction to analysts of investment on their performance.
If it is illegal to provide non-public information to third parties, companies and their advisors keep in regular contact with analysts to inform them about their financial prospects.
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