Environmental support services group Silverdell is to buy decommissioning and dismantling services provider EDS Group for £15m. The firm called the deal a 'transformational acquisition' that was expected to be immediately earnings enhancing and would create a company with scale and global reach, accelerating its planned expansion into Canada and Australasia. Investors were impressed and pushed the stock up 16% in early morning trading.
HiWave Technologies plunged 34% early on after the firm said a development agreement with a major US company had not been finalised and it could not rely on any revenue from this potential contract in the current financial year. This would have an immediate impact on the firm's revenue expectations for the year to September 2012 and would also impact the year to September 2013, it said. The company also announced it had lost £1.76m in the six months to the end of March.
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‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
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MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
