NEWS Shares in telecoms company Thus were on the up this morning after it announced its demerger from ScottishPower. The utility company said it will distribute its stake in the company to shareholders through a special demerger dividend. Yesterday, Thus said it will be issuing further shares at a price of 48 pence to raise £275m. The company said this extra funding will carry the company through to positive cash flow. During early trading this morning following the news, Thus saw its share price gain 6.19 per cent.
Thus plans separation
Shares rise to the occasion...
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