Transense Technologies, which makes sensor systems for industrial uses, has reported strong demand for its temperature monitoring product. Three new pilot schemes have been agreed with Petrobus in Brazil, Southern China Grid, a major regional power company supplying 230m people, and the Gujarat State Electricity Corporation in India, which runs twelve power stations. Transense claims its technology can help prevent the kind of power grid failures recently seen in India.
Data collection and analysis group Sky High has managed to turn in a profit in the full year to the end of March, following a loss in 2010/11. Revenues rose 22% to £5.8m while profits before tax came in at £80,000 pounds against a £250,000 loss in the previous year. The company now says it wants to grow its recent acquisition, Count on Us, to become the "UK's market leading transport data collection business".
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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”
