Genus: Animal genetics firm begins recovery after gruelling year Food Animal genetics specialist Genus has shown early signs of stabilising after a gruelling year during which its share price tumbled by 20 per cent. Shares in the London-listed firm nose-dived in 18 per cent in a week in February after it reported collapses in the pork price and its bovine volumes in China, one of [...]
Genus trading in line with downgraded forecasts as China turbulence continues pharma Animal genetics company Genus said it expects its full year results to be in line with expectations, after it downgraded its forecasts in February.
Shares crash for animal genetics firm Genus after China turbulence Genus Its other business, ABS Dairy, it said was operating in a "challenging market" and saw volumes decrease six per cent, while demand for "dairy genetics" in China was hit hard by a "double-digit decline in the dairy heard".
Ailing medical equipment maker Convatec hopes new boss will transform fortunes March 25, 2019 Convatec’s shares rose this morning as it announced it had poached Karim Bitar, chief executive of Genus, as its new boss. The struggling medical equipment manufacturer confirmed the appointment this morning, meaning it will finally have a permanent chief after previous CEO Paul Moraviec stepped down last October. Read more: Shares in Convatec fall 20 [...]
Animal genetics firm Genus to buy stake in Brazilian specialist In Vitro Brasil February 16, 2015 Bull and pig sperm specialist Genus has signed an agreement to buy 51 per cent of In Vitro Brasil (IVB) through its bovine genetics business ABS. The Basingstoke-headquartered company, which had global revenues of more than £4m last year, will pay 20m Brazilian Real (£4.6m) for the deal. It plans to acquire the remaining 49 [...]