Following close on the heels of my article ‘AIM – The Exodus Begins’ (May 20th) in which I criticised the London Stock Exchange for chasing new entrants to AIM rather than taking care of those companies already there, it has come up with a new initiative which it promises can offer the latter ‘huge value’.

Is the U.S. Fed done cutting rates? The commodities market seems to think so. Gold, platinum, palladium and silver all fell by the end of New York trading. Even oil was off its all-time highs though still above US$115.