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Daniel Stewart denies cash call
STOCKBROKER Daniel Stewart yesterday insisted that it had no need to raise more funds for the business, adding that April and May are expected to have been profitable months for the company.
Daniel Stewart, which has suffered during the financial crisis as liquidity on the junior
stock market all but dried up, said its balance sheet had been strengthened recently by a £1.5m cash injection from Aim-listed investment group Brainspark.
The company has also raised funds in recent months via a share placing with its staff.