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Pennine AIM VCT has announced a year-on-year decline of more than one-third in its net asset value per share, from 70.7p to 44.1p, as Chairman Hugh Gillespie says the fund’s management is constrained by the ‘severe illiquidity of most AIM stocks, along with the restrictions imposed by the VCT regulations’.
Only a handful of companies a year move from AIM to the Main Market of the London Stock Exchange. We look at the implications of such a move and whether there are any tangible benefits.
The US and the UK have the best financial systems in the world, according to an index launched by the World Economic Forum (WEF). Defying the credit crisis, slowing growth and recent high-profile institutional collapses, the US takes first place with the UK a close second, both countries outstripping the rest of the top ten by a significant margin.
Online shoppers in the UK generally get a worse deal than those in France or Germany. But shopping around yields better discounts from the median price, according to research from French-based price comparison site Twenga.
The economic downturn is affecting 58 per cent of small and medium-sized enterprises (SMEs) in the UK, according to research from payment scheme Bacs. However, businesses in the North are faring better, or just more bullish, with 45 per cent saying the downturn has had no effect on their business compared with 36 per cent in the South.
Edge Performance VCT, which aimed to raise £25 million in an offer of ‘D’ shares straddling two tax years, has brought in £19.2 million. The VCT, which focuses on the entertainment industry, fell short of its targeted sum despite twice extending the offer’s closing date.
Many a business has lost its way as it opens in new locations, both in the UK and abroad.