Tavistock Investments Plc (AIM:TAVI) is in talks with a number of acquisition targets as it looks to recover an earnings loss linked to the disposal of its wealth unit. The national advice firm stated it was in ‘discussions with several qualified acquisition targets, which it is well positioned to pursue', according to a statement by Tavistock Chairman Oliver Cooke that came alongside its interim results. Cooke said it would seek to replace the Ebitda of the investment management business ‘through an acquisition strategy'.

This will be aided by a debt facility of up to £20 million provided by the Bank of Ireland. He added that the firm aims to return value to shareholders by ‘growing the dividend stream, completing further share buy backs and by building a much larger and more profitable business'.