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Science Group PLC - Cambridge, England-based science, engineering and technology business that provides services to the medical, defence, industrial, food & beverage and consumer sectors - Says it now holds a 8.46% stake in environmental and engineering consulting firm Ricardo PLC, owning around 5.3 million shares at the London market close on Thursday. Science Group has invested a total of around £12.2 million, at an average cost of around 231 pence per share, and ‘may or may not increase its shareholding in Ricardo’. Science Group says it ‘will engage with the Ricardo board and its major shareholders in relation to managing this strategic investment’, noting that Ricardo’s share price was at a fifteen-year low prior to Science Group’s share purchase. Current stock price: 434.00 pence, down 0.2% in London on Friday afternoon 12-month change: up 15% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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