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Sportech shares rally as HMRC denied right to appeal VAT ruling

24th May 2016 12:08 pm GMT

Shares in gaming operator Sportech climbed more than 15 per cent in London Tuesday as investors hoped that Her Majesty's Revenue & Customs (HMRC) would finally concede defeat in its battle with the company over a £97m VAT claim.

Sportech shares climbed sharply after the company announced that the Court of Appeal has refused HMRC permission to appeal its earlier decision to the Supreme Court.

The Court of Appeal ruled in early [...]

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