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Pursuit Dynamics widens losses
Food and drink tech firm Pursuit Dynamics suffered a 13 per cent share price fall yesterday after it admitted that its operating losses had doubled to £7.16m for the six months to the end of March. The firm announced several new contracts alongside the figures, however, and chief executive Roel Pieper said he was confident about the year ahead. The firm said it has a cash balance of £11m after raising £8m in a share placing in April, and that it expects to sign extra deals with biofuels plants in its US business during the rest of the year.