Huntingdon shares dive on fewer orders
Wednesday 02 July 1997
Christopher Cliffe, chief executive, said that recent allegations from animal rights groups which had led to criminal proceedings against several employees and a Home Office investigation into the group's working practices had proved seriously disruptive: "Considerable management effort has been devoted to keeping clients informed and to retaining clients' confidence," he said.
Glaxo Wellcome and Zeneca have recently stopped awarding new drug testing contracts to Huntingdon pending an investigation into a disturbing TV documentary which showed scenes of cruelty to animals at its Cambridgeshire laboratory. SmithKline Beecham and Zeneca are awaiting the Home Office report.
Shares in the company fell from 121p following the programme. Huntingdon said yesterday that recent monthly new orders of pounds m-pounds 5m were below expectations and that marketing programmes to increase new orders had been "negatively impacted by the allegations".
Mr Cliffe said Huntingdon would incur a small loss in the first half after providing pounds 1m for additional costs relating to allegations. He expected the group to return to profit in 1997.
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
One spelling error costs Companies House up to £9 million after being sued for ruining business
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Have we reached 'peak food'? Shortages loom as global production rates slow
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...