Extel
Encyclopedia
Extel was founded in 1872 with its initial undertaking being the laying of the first telegraphic cable
on the Atlantic seabed to electronically connect London
and New York
. Over the next 100+ years Extel (the name coming into common use for the company in the 1950s) grew into one of the leading news agencies, provider of financial information and associated businesses. Among the many notable achievement were 'Extel Cards', the very first corporate snapshots/tear-sheets with brief data on profit and loss, employees, business activities and executive management. Extel Cards, naturally in hard copy, were first produced in 1922.
in 1987. In 1991, Extel set up a joint venture with Agence France Presse to create a financial news service, AFX News. Pearson PLC
acquired Extel in 1993 and merged it as Financial Times Information into its Financial Times
Division. Financial Times reorganised the company into two divisions: Market Data and Research. The research division retained the Extel branding.
Primark acquired the Extel brand from Pearson in 1999 and it became part of Thomson Financial
in 2000. AFP's share in AFX News was sold in 2006 to Thomson Financial.
Extel is now a part of Thomson Reuters
The first Survey, produced in October 1974, saw some 53 fund management firms take part (compared to 1,615 in 2008), and interest quickly grew to around 120 asset management firms giving their views. The Survey was run independently by Geoffrey Osmint. Between 1974 and 1985 it was sponsored by Continental Illinois Bank of the USA.
With the demise of Continental Illinois in 1985, the Survey became the Extel Survey, although it continued under the careful direction of Geoffrey Osmint until 1998, when on completion of the 25th annual Survey he left the scene.
Initially the Survey focused on the UK investment market only, and still in 1999 it had a significant UK bias, in the data collected and the location of respondents.
Since Extel Surveys became the Thomson Extel Surveys and now Thomson Reuters Extel Surveys there have been a range of enhancements.
In brief
The Extel Survey now runs market surveys and produces bespoke studies for clients worldwide - helping all three sides of the investment community to identify excellence and inform investment decisions.
Submarine communications cable
A submarine communications cable is a cable laid on the sea bed between land-based stations to carry telecommunication signals across stretches of ocean....
on the Atlantic seabed to electronically connect London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and New York
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
. Over the next 100+ years Extel (the name coming into common use for the company in the 1950s) grew into one of the leading news agencies, provider of financial information and associated businesses. Among the many notable achievement were 'Extel Cards', the very first corporate snapshots/tear-sheets with brief data on profit and loss, employees, business activities and executive management. Extel Cards, naturally in hard copy, were first produced in 1922.
Recent history
Extel was acquired by United NewspapersUnited Business Media
UBM plc is a magazine publisher, news distributor and events organiser providing business information services principally to the technology, healthcare, media, automotive and financial services industries...
in 1987. In 1991, Extel set up a joint venture with Agence France Presse to create a financial news service, AFX News. Pearson PLC
Pearson PLC
Pearson plc is a global media and education company headquartered in London, United Kingdom. It is both the largest education company and the largest book publisher in the world, with consumer imprints including Penguin, Dorling Kindersley and Ladybird...
acquired Extel in 1993 and merged it as Financial Times Information into its Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
Division. Financial Times reorganised the company into two divisions: Market Data and Research. The research division retained the Extel branding.
Primark acquired the Extel brand from Pearson in 1999 and it became part of Thomson Financial
Thomson Financial
Thomson Financial was an arm of The Thomson Corporation, which was one of the world's leading information companies, focused on providing integrated information solutions to business and professional customers...
in 2000. AFP's share in AFX News was sold in 2006 to Thomson Financial.
Extel is now a part of Thomson Reuters
Thomson Reuters
Thomson Reuters Corporation is a provider of information for the world's businesses and professionals and is created by the Thomson Corporation's purchase of Reuters Group on 17 April 2008. Thomson Reuters is headquartered at 3 Times Square, New York City, USA...
Extel survey
The Extel Survey began in 1974, when an independent consultant, Geoffrey Osmint, conceived the idea of collecting views and votes from fund managers on the services and advice they were getting from research analysts at stockbroking houses (or investment statisticians as analysts were then called).The first Survey, produced in October 1974, saw some 53 fund management firms take part (compared to 1,615 in 2008), and interest quickly grew to around 120 asset management firms giving their views. The Survey was run independently by Geoffrey Osmint. Between 1974 and 1985 it was sponsored by Continental Illinois Bank of the USA.
With the demise of Continental Illinois in 1985, the Survey became the Extel Survey, although it continued under the careful direction of Geoffrey Osmint until 1998, when on completion of the 25th annual Survey he left the scene.
Initially the Survey focused on the UK investment market only, and still in 1999 it had a significant UK bias, in the data collected and the location of respondents.
Since Extel Surveys became the Thomson Extel Surveys and now Thomson Reuters Extel Surveys there have been a range of enhancements.
In brief
- WebsiteWebsiteA website, also written as Web site, web site, or simply site, is a collection of related web pages containing images, videos or other digital assets. A website is hosted on at least one web server, accessible via a network such as the Internet or a private local area network through an Internet...
for voting and results - Global expansion - in participation in the Survey, and encompassing other market studies in AsiaAsiaAsia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
and North AmericaNorth AmericaNorth America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas... - Rankings of quoted companies and fund managers alongside the fundamental rankings of brokers
- The much-valued independent assessment of the Survey data and processes by Deloitte
- Introduction of Extel IBR - an internal broker voting tool for individual fund management firms
The Extel Survey now runs market surveys and produces bespoke studies for clients worldwide - helping all three sides of the investment community to identify excellence and inform investment decisions.