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.

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.

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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.

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