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Islamic Bank oversubscribed

The £40 million offer for shares in the Islamic Bank of Britain has been heavily oversubscribed.

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Begbies Traynor takes ‘haircut’

Insolvency practitioner Begbies Traynor has raised only £4.9 million on joining AIM, rather than the £12 million it wanted to pull in.

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Broking chief moves to PR

Stephen Hazell-Smith has become chairman of Conduit PR, which specialises in smaller resource companies.

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Mega rewards for nano-technology

Professor Leigh Canham, inventor of a versatile substance called ‘bio-silicon’, can claim to be the first Qinetiq millionaire, owing his good fortune to backing from Qinetiq, the former Ministry of Defence scientific arm that is now spotting tomorrow’s winners in the private equity pool.

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Eager Beevers’ wine and cheese party

Laurie Beevers, has floated a succession of Aussies and others on AIM for Manchester broker WH Ireland.

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Razzall out to dazzle again

Liberal Democrat peer Lord Razzall is not letting party conferences or parliamentary controversy interrupt his money-making ambitions.

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Smith picks rival’s rising son

Heavyweight City solicitor Herbert Smith has appointed Nick Elverston as a partner to join the firm's communications practice.

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£60 million for Gulf Keystone

Gulf Keystone raises £60 million to develop oil and gas projects in Algeria, as Corporate Synergy advised Leisure & Gaming secures £400,000 to pursue acquisitions in that sector.

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Smith picks rival’s rising son

Heavyweight City solicitor Herbert Smith has appointed Nick Elverston as a partner to join the firm's communications practice.

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£60 million for Gulf Keystone

Gulf Keystone raises £60 million to develop oil and gas projects in Algeria, as Corporate Synergy advised Leisure & Gaming secures £400,000 to pursue acquisitions in that sector.

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SmartFocus seeks AIM listing

Arbuthnot has been appointed broker to software concern SmartFocus ahead of the fast-growing company’s proposed flotation on AIM this September.

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Evans in the fast lane

Prestige car replacer Accident Exchange has left City forecasts for dust with a major tie-up with DaimlerChrysler.

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Cornish keeps them coming

Small company adviser Beaumont Cornish has raised £9.7 million for Australian entrepreneur Kevin Foo’s new Kazakhstan oil play Victoria Oil.

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Money talks, love walks

Two chief executives have sold a substantial amount of shares, with speculation rife that it is to fund potential divorce settlements.

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