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Utilitywise powers up

Helping companies manage their energy costs is proving to be big business for Utilitywise (UTW). The shares shot up 12 per cent after the company reported a 46 per cent jump in underlying earnings per share to 7.5p. Broker finnCap said this beat expectations and upgraded its EPS forecast for the current financial year by 12 per cent to 12.5p to reflect anticipated further scaling up of the business and predicts EPS of 17.5p next year. The broker also hiked its target price by a third to 200p.

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By Kirsty Green,
15 October 2013

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