It's bad news for Ceres
Ceres shares fell 44.44% after the company, which identifies and develops natural, sustainable and environmentally-friendly advertising and marketing products, said that it continues to experience slower than expected uptake of its product range.
Ceres shares fell 44.44% after the company, which identifies and develops natural, sustainable and environmentally-friendly advertising and marketing products, said that it continues to experience slower than expected uptake of its product range.
The firm is working with its end-users and manufactures to refine its product offerings and says it has seen continued interest and awareness in its product from end users.
However, in light of the materially poorer than anticipated sales to date the company is actively reviewing the current sales strategy.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Furthermore, as a result of ill health, chief financial officer Matthew Howes has resigned with immediate effect.
A financial controller has been appointed to the company effective 5 December, who will report directly to the board.
The share price fell 44.44% to 3.12p by 12:48.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for you
Consumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
-
Zoopla: House prices slows to 1.4% in May as rate of sales at four year high
The average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.