28th Jun 2024 10:34
(Alliance News) - Tavistock Investments PLC on Friday said it was considering a number of potential transactions including a possible disposal of part of the group's business to Saltus.
Shares in the Ascot, Berkshire-based financial advice and investment management firm rose 11% to 3.77 pence each in London on Friday morning.
But Tavistock, which was responding to press reports, cautioned there was no guarantee that the deal with Saltus, a financial planning and investment management services group, would go ahead.
"The board will only proceed with such a transaction if it considers it to be in the best interests of the company and its shareholders," it said in a statement.
Further announcements will be made if and when appropriate, Tavistock added.
By Jeremy Cutler, Alliance News reporter
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