Tavistock raises further £300k working capital

The firm sold 15,000,000 new ordinary shares to shareholders including chief executive Brian Raven, chief investment officer Christopher Peel and head of business development Stephen Moseley. It said it will use the funds "for general working capital purposes" and does not plan to raise any further cash at this point. Tavistock announced its intention to buy troubled network Financial for £2.7m in mid January. The firm raised £2.7m through an initial placing and subscription and an additional £356,000 from existing investors following the announcement of the deal. It said it wil...