Pursuit dives after update

Shares in fluid technology firm Pursuit Dynamics suffered losses yesterday after it said current year revenues are expected to be around £1m – disappointing investors who had hoped that the company would win more exclusive contracts. The firm also said it plans to reduce its head-count to 40 from the current level of 61. As part of the changes finance chief Richard Webster will be stepping down from the board on 30 September 2012.