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News

Flightstore on the prowl

Advisers to digital media specialist Flightstore say it is ‘not out of the question’ that the AIM-quoted concern will seek a further funding, now that GP Capital has been hired to ‘search for acquisition opportunities’.

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Seymour plays down divestment talk

Small company corporate finance and broking group Seymour Pierce is unruffled by City talk that Seymour Pierce Ellis could soon be hived off.

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IP2IPO plots VCT launch

One of AIM's most successful companies is planning to launch a venture capital trust (VCT) to take advantage of the enhanced tax breaks.

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Fisherman’s tale from Totte

Pieter Totte, who is behind such successful AIM endeavours as Glisten, Real Good Food and Hill Station, is now turning his attentions to farming tropical Barramundi fish.

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Careforce seeks £7 million

Careforce, a provider of care for the elderly and infirm, wants to raise £7 million ahead of a proposed flotation on AIM this November arranged by Arbuthnot.

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Nordström takes AIM

Swedish entrepreneur Rolf Nordström is poised to float AIM’s first Scandinavian counter, Swedish biotech concern Tri-Pep, to advance an anti-HIV therapy.

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Ivo’s £10m Balkan ploy

A new company set up by Ivo Hesmondhalgh is looking to list another, even more exotic venture either on Ofex or AIM, depending on funds raised.

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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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Ivo’s £10m Balkan ploy

A new company set up by Ivo Hesmondhalgh is looking to list another, even more exotic venture either on Ofex or AIM, depending on funds raised.

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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.