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The Independent Online
rIt was a momentous day for AIM. The lightly regulated junior market for small and growing companies welcomed its 200th company, entertainment software firm SCi Entertainment, by marking the shares up at 156p, a tidy premium to the 149p offer price.

Since AIM started with just 10 companies it has swelled on a high tide of new issues and total market capitalisation is above pounds 4bn.

rShares in Burford, the acquisitive property group headed by Saracens rugby sugar-daddy Nigel Wray, advanced 7.5p to 131p.

It has paid pounds 6.9m in cash for a 25 per cent stake in specialist retail warehosue firm Grantchester, which is being groomed for a stock market flotation later this year.