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Tuesday 19th August 2008
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. Read More
Monday 18th August 2008
Nearly 18 months after its launch, Close Enterprise VCT holds most of its assets in fixed-interest securities and loan notes, according to its interim management statement. Since 1 April, the managers have invested £17.2 million of the VCT’s total funds of £28.5 million in such securities, while £808,000 has gone into growth companies. Read More
Wednesday 6th August 2008
Unicorn AIM VCT II has seen a net loss of just over £1.4 million for both its Ordinary Share Fund and the C Share Fund. Chairman Peter Andrews attributes this to tough market conditions for smaller quoted companies, where banks have tightened terms and investors are more risk averse. Read More
Monday 4th August 2008
Private equity firm Nova Capital Management has exited test and data analysis specialist nCode International for £17.5 million. The company has been acquired by instrumentation and controls company HBM. Read More
Tuesday 22nd July 2008
Asset management firm Octopus has launched an investment vehicle aiming to exploit opportunities in the secondary market for VCTs. The Octopus VCT Portfolio Service will target an average total return of ten per cent by investing in the shares of existing VCTs. Read More
Monday 21st July 2008
Arc Fund Management, the asset management firm appointed to run the Arc Growth Company VCT, has resigned from its role at the company. From now on the VCT will be managed by its current board, led by chairman Richard Hargreaves. Read More
Creamfields, a dance festival to be held next month in Cheshire, has secured finance of more than £1 million from the Ingenious Live VCTs. The trusts, which invest in the live events sector, will back the second day of the festival. Read More
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Brickles foresees end of LSE era
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How to float on AIM
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Managing your wealth
Delisting: the great escape
Doing business in Russia
UK businesses in India
Cash shells’ resources multiply
Powering a renewable revolution
How to improve your year-end numbers
Entrepreneurial to the core
The art of smart buying
Murphy’s law
David Reiss: staying in control
A tale of two spin-outs
Taking a fresh approach
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