Huntingdon crashes on return
Friday 14 August 1998
The stock closed down 6p at 13.5p, the worst performer on the London stock market. The shares were restored to the list after Monday's announcement of a refinancing package which involves a pounds 20m cash injection from a group of investors.
As part of the package, which has to be approved by shareholders at an extraordinary meeting on 2 September, Andrew Baker, a 49-year-old accountant, will become executive chairman. Huntingdon has been targeted by animal rights groups and has attributed the loss of lucrative contracts on this adverse publicity.
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