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Five providers take stakes in Millfield in £17.2m deal

Millfield has raised £16m through the issue of shares to five product providers and private investors.

Announcing its profits had increased 90 per cent to £5.9m to March 2002 from £3.1m in 2001, Millfield is bringing Aegon, Friends Provident, Norwich Union, Scottish Widows and Skandia on board as investors.

Millfield is also setting up a software company with Australian partner AM Corporation, to develop wrap account aggregation technology for the IFA sector.

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Newbury Building Society – Jubilee Bond

Wednesday, 26 June 2002 Type: High interest account Minimum-maximum investment: £10,000-£100,000 Interest rate: 4.7% gross a year Term: Until June 11, 2004 Offer period: Until further notice Withdrawal penalties: No withdrawals permitted during term Tel: 01635 555700

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