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Legislation good for business

It sounds strange but after years of complaining about the burden of red tape, employers are saying that employment legislation can be good for business, according to recent research.

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Micro Focus takes to techMARK stage

Software developer Micro Focus became only the second new techMARKarrival of 2005 yesterday, after raising a net £52.7 million through aglobal offer arranged jointly by UBS and Goldman Sachs.

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Numerica adds up for Vantis

Acquisitive accountancy group Vantis has agreed to acquire rival AIM-quoted concern Numericafor £15.8 million and to then immediately sell on three practices to BDO Stoy Hayward for £12.1million in cash.

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£14m boost for Eurovestech

AIM-listed investment vehicle Eurovestech is poised to net a near £14million paper profit when online research company Cjudge completes its£25 million flotation on Wednesday 25 May.

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Armstrong extracts £1m

Armstrong Healthcare, the developer of precision robots for neurosurgical, cardio-thoracic and laparoscopic procedures, has completed a £1 million top-up fundraising to support clinical trials of its three main products.

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Grosvenor receives healthy support

Occupational health services provider Grosvenor Healthcare has receivedan additional £1.05 million from existing investor Close VentureManagement to fund the acquisition of Glasgow rival Associated HealthSpecialists.

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Bioscience breaches VCT rules

Octopus Asset Management has admitted that the Bioscience VCT it manages will breach the VCT rules.

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Miller concludes Abermed operation

The increasingly buoyant healthcare sector has seen further buyout action in recent days, with medical and occupational health services venture Abermed Industrial Doctors the latest business to change hands.

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Bioscience breaches VCT rules

Octopus Asset Management has admitted that the Bioscience VCT it manages will breach the VCT rules.

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Miller concludes Abermed operation

The increasingly buoyant healthcare sector has seen further buyout action in recent days, with medical and occupational health services venture Abermed Industrial Doctors the latest business to change hands.

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World Gaming in £2.5m float

Gambling software provider World Gaming is seeking to raise up to £2.5 million at 52.5p for an AIM float on 17 May.

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Advent plumps for Fat Face

Experienced retail investor Advent International has made another foray into the high street, purchasing Fat Face, a leading sports and casual clothing brand, from rival private equity group ISIS Equity Partners.

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North Sea group in £7m AIM launch

John Robertson, veteran resources specialist at broker Nabarro Wells, is chairman-designate of Aussie-listed Elixir Petroleum, which is raising £7 million on AIM to pursue oil and, it hopes, natural gas opportunities in the North Sea.

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Ubiquity to make AIM connection

Ubiquity Software, a Cardiff-based software developer targeting the telecoms sector, is looking to raise £20 million (with the aid of broker Evolution Securities) ahead of its impending AIM launch.