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IPO & City News

Nighthawk to swoop on AIM cash 

A Bristol-based hydrocarbon specialist is days away from raising a seven-figure sum in a bid to continue work on its flagship project.  Tuesday, 25th November 2008

Beringea launches VCT fundraising

Private equity firm Beringea is seeking £20 million of investors’ money across its two VCT funds, ProVen VCT and ProVen Growth & Income VCT.  Friday, 21st November 2008

Private shareholdings halve in 18 months

The value of private shareholdings in the UK stock market fell to £138 billion by September as a result of net selling and falling valuations.  Monday, 20th October 2008

Rathbone starts offshore sell-off

London-based wealth management specialist Rathbone Brothers has sold its trust operations in Jersey to its management team.  Wednesday, 15th October 2008

‘Severe illiquidity’ hurts AIM VCT

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’.  Tuesday, 30th September 2008

VCT investment opportunities ‘reduced’

Andrew Boyle, chairman of the Apollo VCTs, says that there are fewer opportunities matching the funds’ investment criteria due to the economic downturn. The statement comes as the VCTs report ‘stable’ performance in the six months to July.  Monday, 29th September 2008

Cancer vaccine specialist in PLUS IPO

A company developing a pipeline of cancer vaccines has raised £1.55 million in an initial public offering (IPO) on PLUS. Scancell raised the money through AIM-listed broker St Helen’s Capital.   Wednesday, 24th September 2008

Market sentiment holds back SPARK VCTs

The managers of the three SPARK VCTs say poor market sentiment is restricting exit opportunities and constraining them from making new investments. They add that the environment for both disposals and funding ‘shows no sign of improving in the short term’.  Tuesday, 2nd September 2008

Investors deserting small-caps, says VCT

Julian Avery, chairman of Invesco Perpetual’s AIM VCT, says the sharp decline in the fund’s assets reflects ‘extreme aversion to investment in UK companies with low market capitalisations’. Net assets shrunk to £28.4 million in the year to May, a decline of 41.4 per cent.  Tuesday, 2nd September 2008

BioEnergy Africa raises £8.6 million

A company focused on the production of ethanol from sugar cane in southern Africa has listed on AIM. BioEnergy Africa raised £8.6 million through a placing at 12.5p, representing 20.7 per cent of its enlarged share capital.  Tuesday, 2nd September 2008

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Deal Zone AIM, VC and PLUS deals as they happen

Latest Deal Zone deals
Company Industry Market Raised Date
Real Hotel Group (The) Leisure AIM nil Dec 2008
JSJS Designs Electronics AIM nil Nov 2008
Clayton, Dubilier & Rice Investment VC £417 million Nov 2008
N&W Global Vending Beverages VC Undisclosed Nov 2008
Movidia Telecoms VC £14 million Nov 2008
Oxford Catalysts Chemicals AIM £10.3m Nov 2008
Enara Health VC £20 million Nov 2008
Knomo Retail VC £490,000 Nov 2008

VCT Special Report 2008

A comprehensive report on VCTs and over £1 billion in investment trusts just waiting to be invested in fast growth ventures.

Cash Shells 2008

A comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape.

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AIM Guide 2007/2008

The 2007/2008 AIM Guide contains essential information for anyone interested in the Alternative Investment Market.

Business XL

Business XL is written by leaders for leaders. The magazine is a fountain of inside information and knowledge, which can only be delivered by people who have started, bought and grown their own business.

M&A Magazine

M&A Magazine is the leading mid-market monthly corporate finance publication in the UK.

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Other news

One more bank to offer EU funding

The Bank of Scotland intends to make £250 million of funds available to businesses with fewer than 250 staff in the next two weeks.  Business News / Wednesday, 3rd December 2008

Middle East and Africa ‘fastest improving region’

Conditions for entrepreneurship are improving faster in the Middle East and Africa than in any other part of the world, according to a report.  Business News / Wednesday, 3rd December 2008

Hospital deal buoys Deltex

Shares in medical technology venture Deltex Medical moved five per cent higher to 10.75p this morning, on news of a five-year deal to supply its 'CardioQ-ODM' equipment to University College London Hospital (UCLH).  SMALL-CAP SPOTLIGHT / Wednesday, 3rd December 2008

Eye-catching sales from OMG

AIM-quoted tech concern OMG, the provider of 'image understanding' products employed in Hollywood films among other uses, delivered record sales for the year to September.  SMALL-CAP SPOTLIGHT / Tuesday, 2nd December 2008

Intertek deal to test Eastern Europe 

Intertek, a provider of safety services, has expanded its operations in Eastern Europe with the acquisition of a food testing laboratory in Poland.  Mergers & Acquisitions / Tuesday, 2nd December 2008

Fuel distribution business wins investment

Rowilco Fuels, a Liverpool-based fuel distribution company, has received £600,000 from venture capital firm Alliance Fund Managers (AFM).  Fundraising Deals / Tuesday, 2nd December 2008

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Blogs

Nick Britton

Nick Britton

The AIM dream lives on

Nov 19 2008

Even in rosier economic times, who in their right mind would ever float their company on the stock market?


Simon Daniel

Simon Daniel

A more stable currency

Nov 12 2008

In the past 12 months, the pound has plummeted against the dollar and the euro. The Swiss franc, normally regarded as a ‘safe haven’ currency, has fallen too.


Michael Jackson

Michael Jackson

Why leaders make the difference

Nov 26 2008

I’m not a big bridge player, but I’ve always been fascinated by ‘duplicate bridge’.


Chris Ingram

Chris Ingram

The horrors of hubris

Nov 05 2008

Hubris in business takes many forms. There’s the small stuff we can all have a chuckle about.


Videos

David Ferry | a better way to do financial management.

"There's no such thing as failure, only feedback"

The challenges David Ferry faced when starting and growing his business, Ferry Financial.

Neil O'Connell advice for budding entrepreneurs

"The Business is out there"

Neil O'Connell's advice for budding entrepreneurs is "don't panic".

A better way to do financial management

"There's no such thing as failure, only feedback"

David Ferry set up his business, Ferry Financial, because he believed there was a better way to do financial management

Events Calendar

Rosenblatt New Energy Awards

25th February, Natural History Museum, Cromwell Road, London SW7 5BD

M&A Awards 2009

18th February, London Hilton, Park Lane, London

M&A Expanding internationally

27th November, Sofitel London St James

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