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Tavistock Investments terminates strategic alliance with Lighthouse Group

The group said the termination was due to the indefinite postponement of agreed marketing activities as a result of Lighthouse’s takeover by FTSE 250 firm Quilter

Tearing contract
The alliance has been terminated with immediate effect

Tavistock Investments PLC (LON:TAVI) has terminated its strategic alliance with Lighthouse Group PLC (LON:LGT) with immediate effect.

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The investment and wealth management group said the termination was due to the indefinite postponement of agreed marketing activities as a result of Lighthouse’s takeover by FTSE 250 firm Quilter PLC (LON:QLT).

In lunchtime trading on Thursday, Tavistock shares were down 3.3% at 3p while Lighthouse Group shares were 1.5% lower at 32.8p.

Quick facts: Tavistock Investments PLC

Price: 2.2 GBX

AIM:TAVI
Market: AIM
Market Cap: £12.66 m
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