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Hargreave Hale AIM VCT PLC - venture capital trust investing primarily in companies listed on the AIM market in London - Net asset value as at November 10 falls 12% to 44.60 pence per share from 50.84p at June 30. ‘UK consumer confidence remains low, albeit substantially better than at the start of the financial year. However, the September reading did surprise on downside, suggesting that higher interest rates might finally start to take their toll. There are other signs too that tighter monetary policy is starting to have an impact on the economy, with retail sales weakening and unemployment starting to trend higher, albeit from a very low base,’ the company says. Current stock price: 41.00 pence, down 1.9% on Tuesday 12-month change: down 30% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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