Utilitywise ticks up as it switches strategy

Shares in cost management consultancy Utilitywise (LON:UTW) rose by 6.74% to 32.76 (as at 14:45 BST) after the company released a new strategy outline that targeted a sharp increase in market share along with substantial improvements in cash flow.

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CEO Brendan Flattery said that the firm: “is firmly focused on significantly increasing its market share by broadening its target market and the services it provides its customers, in order to drive returns for shareholders. That means the Company will have to evolve its proposition and channel strategy, as detailed above, while optimising operational productivity“.