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Infocomp’s parent raises £2.1m in new capital

GBST, the parent company of platform technology provider Infocomp, has successfully raised £2.1m in new capital.

The announcement on the Australian stock exchange today comes after GBST suspended trading of its shares last week ahead of the planned rights issue.

As well as the £2.1m, or AUS$4.2m, capital raising though the issue of 6.5 million ordinary shares, it has renegotiated an extension of its £4.9m, or AUS$10m, loan with major shareholder Crown Financial Pty.

The suspension on trading has now been lifted.


A matter of trust

As advisers, we all spend time with clients helping them establish their attitudes to risk and educating them to the potential ramifications of this for long-term investment performance. Somewhat ironically, risk management processes and procedures should also be front of mind now for advisers themselves, ensuring the correct procedures are taken to reduce risk in their businesses.

Revenue bank code to cut tax loss

HM Revenue & Customs has launched a consultation paper into a code of practice on tax for banks. The code hopes to minimise tax avoidance, since big businesses such as banks will have a clear understanding of expected behaviour from tax authorities.

Premium bonds

Despite an uncertain economy, a growing feeling that we might be over the worst of the financial crisis has led to improved sentiment in investment-grade corporate bond markets.

Frexit & contagion risk in Europe

Many commentators have suggested the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune Head of European Equities Rob Burnett discusses the likelihood of this happening. Click here to read more Important informationInvestment risks Neptune funds may have a high historic volatility rating and past performance is […]


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