Hickson shares slide on profits warning
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.SHARES IN the British chemicals group Hickson International fell 5p to 52.5p yesterday after the company issued a profits warning.
The warning was prompted by the cancellation of a lucrative agrochemicals contract by one of the firm's major customers, the US chemical giant DuPont.
David Wilbraham, Hickson's chief executive, said demand for agrochemicals had already been weakened by adverse conditions for farmers worldwide.
Sales in Hickson's organic chemicals division, for which the US group is the main customer, were worth pounds 29.5m in the first half of this year and pounds 84m for the same period in 1998. Yesterday's announcement fuelled speculation that Hickson would become a takeover target.
Hickson reported pre-tax profits of pounds 3.4m for the six months to 30 June, down from pounds 5.6m for the same period last year.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments