Ceramic Fuel Cells falls on resignation news

Ceramic Fuel Cells fell after announcing the resignation of two of its senior bosses.

Ceramic Fuel Cells fell after announcing the resignation of two of its senior bosses.

The company, which makes generators that use fuel cell technology to convert natural gas into electricity and heat, said managing director John Dempsey had left the firm on 31st December.

The business also confirmed that Chief Executive Brendan Dow had stepped down on the same date.

The announcements gave no further details of the circumstances of the resignations.

However, when Dow's resignation was revealed in October, the firm put it down to "significant changes as it moves the focus of its operations to Europe".

Ceramic's shares were down 3% at 1530 on Wednesday following the announcement.

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
The best investment trusts to buy for 2021
Investment trusts

The best investment trusts to buy for 2021

Sectors ranging from emerging markets to student accommodation look poised to do well this year, says David Stevenson, as he picks the best investment…
19 Jan 2021