Shares in Hungtingdon fall

02 July 1997

Shares in Hungtingdon fall

Shares in Huntingdon Life Sciences dived 15% to 55.5p after the
company issued a profits warning.

Huntingdon said it had disappointing new orders which would leave
profits for the year to December substantially below last years

Huntingdon is a controversial company because of its involvement in
testing drugs on animals. Glaxo Wellcome and Zeneca have recently
withdrawn their business. Christopher Cliffe, chief executive, said the
company would occur a small loss in the first half after providing 1m
for additional costs relating to allegations. He expected the group to
return to profit in 1997.

  • Financial Times 02/07/97 page 20
  • The Independent 02/06/97 page 22

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