Skandia and Hargreaves to join Emx

Skandia and Hargreaves Lansdown have paid £8.3m between them to become shareholders in the electronic trading platform, Emx, writes Kira Nickerson. The two join six groups which in March this year paid £8.3m between them to rescue Emxco after its rights issue failed to raise the amount necessary for the company to continue. The target for the rights issue had been £8.5m but, at the time, the trading platform had only raised £6m. The other major shareholders in the company, Fidelity, M&G, Scottish Widows, Standard Life, Invesco and Threadneedle, raised further capital but never revealed...