StockMarketWire.com - Consulting firm Science Group said it had cancelled a formal sale process of the company due political and economic uncertainty.

The company launched the process in September but said global stock markets had since been volatile.

'In parallel, in recent weeks, the uncertainty regarding Brexit has substantially increased, the eventual conclusion of which may have a significant impact on Sterling exchange rates,' the company added

The board had therefore concluded that it was unlikely the sale process would produce the most attractive outcome from the current strategic review.

Science Group also said that trading for the 11 months to 30 November remained in line with its expectations.

As a result of the termination of the sale process, a suspension of a share buy-back programme would be lifted, it added.




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