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 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 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 [...]