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Millfield stockbroker in dispute with analyst

Millfield&#39s stockbroker Collins Stewart is embroiled in a row with its former analyst James Middleweek who has accused the broker of insider dealing in relation to a media firm.

Collins Stewart has acted as Millfield&#39s broker since it floated on Aim in 2001 and has presided over three tranches of fund-raising for the IFA. Middleweek was not involved in Millfield&#39s raising of £8.85m from City investors in July.

Millfield chief executive Paul Tebbutt says: “There is nothing untoward going on as far as I am concerned. This is a dispute between an employee and his company. I am delighted with the service we get from Collins Stewart.”

Middleweek claims that Collins Stewart stopped him from working on Millfield business.

Collins Stewart alleges that Middleweek demanded 10 years&#39 bonuses and salary totalling £2.4m in return for dropping allegations.

The FSA is looking at the allegations. Middleweek says he is seeking compensation from Collins Stewart in the High Court for unfair dismissal.

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