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SOURCES OF INFORMATION ABOUT BUSINESS ENTERPRISES (THE BUSINESS PRESS…
SOURCES OF INFORMATION ABOUT BUSINESS ENTERPRISES
INTRODUCTION
Collecting information on business enterprises
Info often biased: incomplete, subjective, strategic or politically correct
Main sources: business press, corporate document and government documents
THE BUSINESS PRESS
Section on financial & commercial new in general daily papers (broadsheets)
The Time: conservative & general newspaper
The Daily telegraph: old conservative institution in the UK (broadsheet)
The Guardian: left wing liberal daily newspaper with an importat economic section.
The independent: online daily general newspaper
Dailies: specialized in business & economic new
The Wall Street Journal (USA) founded by Dow Jones and Co in 1889 = financial news
Financial Times, based in London and founded in 1988. Many people read it outside of the UK. Main concurrent of the Wall Street Journal
BUSINESS MAGAZINES AND NEWSPAPERS TODAY
New stories = obbjectives / editorials = provide opinion
PUB = free / avertising -> prayerfull
Journalists have to separate facts & opionion
Strong connection between politics and business
Business press classical liberal
The Economist: oldest newspaper specialized in business news:
fight in favor of free trade
international newspaper
independent of media
elegant & liberal newspaper
CORPORATE DOCUMENTS
Business result => make a decision such as buy or selling a share. It's required by the UK legislation, do it in order to attract new investors and to increase their financial resources.
Release assets & liabilities statement of revenue and expenses
Large companies send this report to stockholders before the general annual meeting
INFORMATION FROM THE GOV. AND JUDGES
Before July 2016: Department for Business, Energy and Industrial Strategy responsible of everything related to innovation trade
HM Treasury: exchequet = economic & finance ministry
publishes document about business
responsible of the government economic & finance policy in UK Gov
Office for National Statistics (ONS) is independent which is strongly linked with the UK Gov
Prudencial Regulation Authority:
UK financial service regulatory body
Belong to England's bank
Responsible of prudential regulation and supervision of bank & everything related to investments
Financial Conduct authority = financial regulatory body created in 2013:
Independent from UK Gov
Provide services to customers
Maintains integrity of financial market in the UK
Competition and Market Authority (CMA):
responsible for invastigating into unfaire practices
investigate about activites of company
Non-ministerial department
aim = prevent & reduce anti-competitive activities