All the world's a ratio

Article Abstract:

Earnings data can be difficult to compare across national borders, because differing accounting and tax rules cause corporations to report profits in dissimilar ways. Portfolio managers like Andrew Smithers are devising methods to adjust price-earnings data to make the figures comparable.

Measurement, Profits, Corporate profits, Price-earnings ratio, Price earnings ratio

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The battle of the bourses

Article Abstract:

European stock exchanges are pursuing technological improvements and domestic reforms to gain market share, as the single market approaches. Reforms in Frankfurt, Milan, and Paris, and their quest to win back business from London are described.

Planning, Europe, Finance, Single European market

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Trading places: international equities

Article Abstract:

Cross-border trading has become the securities industry's largest growing business. The London exchange's SEAQ International accounts for two-thirds of such trades, but its market share is being threatened by exchanges in Europe and the US.

London Stock Exchange PLC

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