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BUZZ-Pace Plc: Down on CFO departure

Wed, 30th Jul 2014 13:29

July 30 (Reuters) - ** Shares in Pace Plc, aBritish set-top box maker shares, on track for worst day inabout 4 months after CFO steps down.

** Pace shares down 7%, worst performers on the FTSE 250.

** Liberum analysts said sudden departure of highly regardedCFO may suggest internal disagreements over strategy.

** The company's customers include Sky Deutschland AG, AT&T Inc, Comcast Corp and DirecTV.

** Pace expects full-year profit and cash flow to exceedprevious guidance, driven by new product launches and contractwins. (RM: noor.hussain.thomsonreuters.com@reuters.net)


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