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TEP Exchange temporarily suspended from AIM

The TEP Exchange has been temporarily suspended from trading on the AIM market.

Shares in TEP Exchange were suspended with immediate effect at 1pm following the announcement that the company was unable to publish its audited results for the year ending December 31, 2008.

TEP Exchange is a web-based exchange for traded endowment policies enabling instant deals between market makers and IFAs.

The company says it is in the process of finalising its audited accounts and these are expected to be announced and posted to shareholders as soon as possible.


Manager focus: Scott McGlashan

While the problems for the Japanese economy are certainly not over, the world could be surprised by a quicker-than-expected recovery, says Scott McGlashan, the senior manager of the JO Hambro Capital Management Japan fund.When selecting holdings for his £140m fund, which is invested across 23 different sectors, he looks for stocks that are particularly undervalued. […]


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