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Pin to quick picksProvexis Share News (PXS)

Share Price Information for Provexis (PXS)

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Share Price: 0.60
Bid: 0.55
Ask: 0.65
Change: 0.00 (0.00%)
Spread: 0.10 (18.182%)
Open: 0.60
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Sector movers: Food stocks binned after Tate & Lyle profit warning

Fri, 06th Feb 2015 14:49

Tate & Lyle was dampening the food sector in London on Friday after the sweeteners maker disappointed investors with its second profit warning in just four months.Tate & Lyle said it now expects adjusted pre-tax profits for the year ending 31 March to be below previous guidance of £230m-245m.The profit warning, which is the Splenda sucralose manufacturer's third in a year, was blamed on a weaker-than-expected performance in its bulk ingredients division as capacity constraints in the US transportation network led to lower sweetener volumes.Meanwhile, weakened EU sugar prices affected bulk sweetener prices in Europe, and the company experienced a sharp deterioration in ethanol margins near the end of the period.The stock was down 14% at 571.3p by 15:32 on Friday afternoon, nearing its 52-week low of 551.5p reached in December.Mike van Dulken, the head of research at Accendo Markets, said: "Management obviously needs to do something to stir things up and improve current business trends if it wants to sweeten up investors and deliver a genuine share price reversal."Other food producers were also out of favour in London, including Provexis, Devro, Real Good Food, Dairy Crest and Premier Foods.News that Tesco was under investigation could also be hitting sentiment in the food sector on the back of concerns that the supermarket giant has mistreated suppliers. The Groceries Code Adjudicator is looking into whether the company has breached the Groceries Supply Code of Practice."The investigation will consider the existence and extent of practices which have resulted in delay in payments to suppliers," a statement said.Top performing sectors so far todayIndustrial Metals & Mining 1,808.22 +3.55%Banks 4,452.23 +1.46%Life Insurance 8,180.22 +0.66%Industrial Transportation 2,861.07 +0.61%Insurance (non-life) 2,058.02 +0.60%Bottom performing sectors so far todayFood Producers & Processors 7,921.60 -2.15%Mining 14,196.54 -1.85%Tobacco 42,419.59 -1.30%Food & Drug Retailers 3,188.25 -0.91%Automobiles & Parts 8,865.95 -0.89%
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Friday 20 October 
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Monday 23 October 
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City of London Investment Group PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 Aug 2023 13:39

IN BRIEF: Provexis notes regulatory filing for Fruitflow in China

Provexis PLC - Reading, England-based producer of heart-health functional food ingredient Fruitflow - Says China-based Byhealth Co Ltd has submitted an application to the State Administration for Market Regulation for a new permitted health function claim for Frutiflow in China. Say the claim states that Frutiflow helps to "maintain normal platelet aggregation function and benefit blood flow health." Notes Byhealth approval could bring significant orders for the food product in China. Adds it has been working with Byhealth for more than six years to assist in the launch of Fruitflow-based products in China.

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TRADING UPDATES: Redx confirms Jounce deal lapses, Tirupati seals deal

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30 Dec 2022 15:02

EARNINGS SUMMARY: Provexis and Unicorn Mineral post chunkier losses

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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20 Oct 2022 15:58

UK shareholder meetings calendar - next 7 days

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Trafalgar Property Group PLCAGM
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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30 Sep 2022 21:11

EARNINGS SUMMARY: Provexis, Thruvision loss narrows; Unigel revenue up

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22 Jun 2022 10:52

IN BRIEF: Provexis expects substantial increase in full-year revenue

Provexis PLC - Reading, England-based producer of heart-health functional food ingredient Fruitflow - Enters transfer of business deal and a premix and market-ready solutions supply deal for its product Fruitflow. Both will take effect from January 1, 2023. Says the agreements should lead to a substantial increase annual sales and net profit.

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31 Dec 2021 08:45

Provexis' revenue drops on pandemic related market disruptions

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5 Nov 2021 20:45

IN BRIEF: Provexis signs co-operation agreement with By-Health Co

IN BRIEF: Provexis signs co-operation agreement with By-Health Co

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30 Sep 2021 14:42

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19 Feb 2021 13:19

Provexis raises £50k to strengthen its capital base

(Sharecast News) - Heart health functional food ingredient developer Provexis has raised £50,000, it announced on Friday, to strengthen its capital base and de-risk the business further.

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