News in brief

• Specialist university spin-out VCT Univen and Cavendish Aim VCT have been withdrawn from the marke...

• Specialist university spin-out VCT Univen and Cavendish Aim VCT have been withdrawn from the market due to lack of investor demand. The selection open to investors has been further reduced this week after Artemis Aim VCT and a C-share offering from Baronsmead VCT closed to investors having reached capacity. Invesco Perpetual Aim VCT also closed earlier this week. However, First State has signalled its intention to go ahead with Paul Jourdan's Aim VCT by announcing it will allot shares on 24 March. The group claims to have raised more than £3m, including £750,000 in the past three working ...