Inspired Energy shares up post acquisition

Shares in Inspired Energy were up after the energy consultant completed the purchase of Wholesale Power UK.

At 1205 BST shares in the AIM-listed stock were up by 4.07% to 11.19p.

Inspired Energy paid £2m in cash and shares for Blackpool-based Wholesale Power UK and said the deal was to be immediately earnings enhancing.

A further £750,000 could be payable on certain financial performance criteria, payable in three tranches.