Pursuit Dynamics in crisis as losses mount
SHARES in technology group Pursuit Dynamics crashed by more than half after it reported worsening losses and the departure of its chief executive.
The firm, which supplies equipment used in industries such as brewing and biofuels, also said it needed to ask shareholders for £9.4million, after raising £8million in April.
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Pursuit’s shares fell 54 per cent, down 110¼p to 93p, against the rights issue price of 100p. The stock is down from a high of 732p a year ago.
Roel Pieper has quit as chief executive after two years in charge.
