Utilitywise shares trading suspended amid results delay

Trading of shares in independent energy consultancy Utilitywise has been temporarily suspended this week. The news comes after the firm confirmed a delay in the publication of its financial results […]

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By Priyanka Shrestha

Trading of shares in independent energy consultancy Utilitywise has been temporarily suspended this week.

The news comes after the firm confirmed a delay in the publication of its financial results amid an ongoing review of its contracts.

Under market rules, the Alternative Investment Market (AIM)-listed company had to post its results by today to allow shares to continue trading.

The firm, which offers energy and water management services, said: “This delay is due to the volume of work still required to be completed and its auditor to cater for the proposed change in the company’s revenue recognition policy.”