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Cairngorm&#39s investors get preference in float

Cairngorm Asset Management is to offer preferential share application

rights to its investors when it floats on Aim this year.

Share and warrant holders of Cairngorm&#39s investment trusts will be

eligible for the preferential rights as well as new investors who register

before a cut-off date to be announced in the coming months.

The Edinburgh-based investment firm announced its intention to float last

week and hopes to raise substantial new capital for expansion. The firm is

currently estimated to be worth around £20m.

Chairman Ken Murray says: “Becoming a publicly quoted company will provide

us with the resources we need to grow and strengthen business. We also want

to repay our long-term investors by giving them the chance to take a share

in the company at a preferential rate.”


Blip in the biotech story

Schroder is kicking off the second Isa season by launching a globalhealthcare fund and analysts believe its timing could not be better.The healthcare sector has been driven by biotech stocks and valuationshave soared. But the jitters in technology stocks have caused biotechs toplunge and analysts expect this could open up a buying opportunity.Framlington sales & […]

Life offices wary of criticising ABI kitemark scheme

Life offices have expressed reservations over the ABI&#39s brandaccreditation project which is aimed at raising industry standards.While many life offices agree in principle with the aims of Saltr – theSavings and Long-Term Risk project – they fear it could damage theirbusinesses.However, there is concern that if they are openly critical of the ABI&#39sinitiative, life offices […]

The merged group….

The merged group of CGU and Norwich Union will locate its life functionsin York although it will not yet confirm staff numbers. Norwich will housethe group&#39s general insurance section although the city will still be hitby job losses. Group corporate operations will be based in London. A CGUspokesman says, out of the 35,000 employed by […]

PolicyMaster set to inject new life into PMI with electronic quotes

Software provider PolicyMaster claims it is set to revolutionise theprivate medical insurance IFA market with a new electronic quotes andapplication system.Its PMI system Mediquote currently offers intermediaries the facility tosearch for tailored quotations but it plans to add an online electronicdata interchange capacity on the existing Mediqote service by December.The service is currently re-launching in […]


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