Ofex, a London based exchange for small and medium sized firms, is currently investigating various ways of broadening its appeal to companies and investors after listings fell in the first half of 2003.
According to a report by the London Evening Standard, the chairman of Ofex, John Jenkins, is determined to make the bourse the "market of choice" for SMEs, though conceding the exchange needs to raise its profile to do this. Consequently, some 15 separate schemes are under way in an attempt to achieve Jenkins's aim.
New listings on Ofex in the first six months to June stood at 14 - 43% down on the same period last year - and pre-tax losses in the same period amounted to £273,000 from a turnover of £555,000, statistics the exchange puts down to the "most challenging economic and political conditions for many years," the LES reports.
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