Tavistock Investments PLC on Friday said it was considering a number of potential transactions including a possible disposal of part of the group’s business to Saltus.

Shares in the Ascot, Berkshire-based financial advice and investment management firm rose 11% to 3.77 pence each in London on Friday morning.

But Tavistock, which was responding to press reports, cautioned there was no guarantee that the deal with Saltus, a financial planning and investment management services group, would go ahead.

‘The board will only proceed with such a transaction if it considers it to be in the best interests of the company and its shareholders,’ it said in a statement.

Further announcements will be made if and when appropriate, Tavistock added.

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