Trading

Firms axe pre-close calls amid regulatory crackdown

Companies are making analyst communications more transparent as Esma reminds them not to disclose inside information

Pre-close calls have been in the spotlight since an FN report linked them with increased volatility
Pre-close calls have been in the spotlight since an FN report linked them with increased volatility Photo: Getty Images

Companies are axing pre-close calls with equity analysts amid a crackdown from regulators.

A number of firms have either stopped the practice entirely or changed how they communicate to avoid potentially disclosing inside information, Financial News has learned.

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