Cap Z to buy out 3I in Jelf fundraising plan

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Cap Z will now hold a minimum of 25.01 per cent of the company's enlarged ordinary share capital.

Jelf has confirmed plans unveiled this morning to raise capital by way of a share issue.

It now proposes to raise up to £19m, before expenses, by way of the placing undertaken by Cenkos Securities.

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Sobering reading for those with a Biba hangover

Editor’s View: If you are nursing a hangover after going to this year’s British Insurance Brokers’ Association conference then Emma Ann Hughes reckons you missed the point of attending the annual gathering in Manchester.