Why F&C could be right about Aim

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Today's most amusing press release in my in-box comes from a Chinese chef looking for funding for a chain of "luxury" restaurants in his home country.

Far be it for me to claim knowledge of what constitutes a “luxury” Chinese meal, but what I do know is it raises serious questions about the current direction and usefulness of the Alternative Investment Market, or Aim as it is known. A handy warning shot was fired across the bows of investors in the past week by F&C manager Catherine Stanley, who said there may be a growing case for Aim-listed companies or those considering listing on Aim to seek a full London Stock Exchange listing in order to attract more institutional money. This is because the looser listing rules for Aim-quoted ...

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