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Ingenious Ventures – Ingenious Music VCT

Ingenious Ventures

Ingenious Music VCT

Type: Venture capital trust

Aim: Income and growth by investing in a portfolio of music companies

Minimum investment: Lump sump 3,000

Closing date: March 31, 2005 for 2004/2005 tax year, June 30, 2005 for 2005/2006 tax year

Charges: Initial 5%, annual 1.5% in year one, 2% in year two, 2.5% in year three

Commission: Initial 3%

Tel: 020 7024 3674


Budget date announced

The Treasury has announced that Gordon Brown will deliver his Budget on March 16. It is likely to be the last Budget before the General Election.

Just 12m for B&B’s Charcol trio

Bradford & Bingley says the sale of its three Charcol companies – Charcol, Holden Meehan and Aitchison & colegrave, brought in only 12.7m. B&B made a total loss of 123.2m on the sale of discounted operations. Total group profits plummeted to 105.3m from 264m in 2003.


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