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Stockwatch: Don't tell, hope no-one asks

 
• By Andy Smith

The British legal system, respected and emulated around the world, is an adversarial one where the defence and the prosecution face off in a battle of words. I am starting to think that the battle for investors' money is also adversarial with the companies putting out statements that should be interrogated and challenged. When these statements aren't challenged, investors can become the collateral damage.

The British legal system, respected and emulated around the world, is an adversarial one where the defence and the prosecution face off in a battle of words. I am starting to think that the battle for investors' money is also adversarial with the companies putting out statements that should be interrogated and challenged. When these statements aren't challenged, investors can become the collateral damage.

When Circassia reported the results of its placebo-controlled Phase IIb TR006 study for its Ragweed-Spire allergy vaccine, the analysts from JP Morgan told it like it was with the exposure...

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