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Tuesday, June 9, 1998 Published at 17:07 GMT 18:07 UK Business: Your Money Stock Exchange woos private investors ![]() More investors wanted The London Stock Exchange has launched a £1m advertising campaign and a new internet service aimed at encouraging private investors to buy stocks and shares. The Share Aware campaign, with its slogan, 'Get Your Share of Great British Companies', is the first of its kind ever to be launched in the UK. The advertising blitz is being backed by major companies such as British Airways, BT and Tesco. The new slogan will be seen in newspapers and on posters at 200 main-line stations.
The Exchange said: "There is a growing need for all of us to make greater provision for the future, and the stock market can play an important part in that." Millions of people became shareholders for the first time last year after a wave of building societies chose to join the stock market. Even so the number of private shareholders has fallen over the last few years. The Exchange controversially introduced rules several years ago that effectively blocked private investors from buying shares in the majority of new issues until the stock started trading. The London Stock Exchange still has a long way to go to compete with the New York Stock Exchange which has spent millions of dollars over the last 20 years to attract private investors. |
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