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Pursuit Dynamics Now Sees Fiscal Year Revenue Down As P&G Ends Licensing Talks

LONDON -(Dow Jones)- Pursuit Dynamics PLC (PDX.LN), said Monday that it has been informed by Procter & Gamble (P&G) that, following completion of their evaluation trials, P&G does not intend to pursue further evaluation or development at this stage or enter into exclusive licensing discussions with PDX as the company had envisaged under the Joint Development Agreement between PDX and P&G. MAIN FACTS: -As a result of this, the company's revenue for the year ending Sept. 30, will be materially below the company's earlier expectations. -The company has been undertaking a strategic review of the business and in light of the P&G decision the review will be accelerated to allow an update to be provided by the end of June. -The company will continue to pursue a range of commercialization opportunities while it conducts the strategic review. -Pursuit Dynamics shares closed Friday at 71 pence, valuing the company at GBP61.3 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com

Stock News for Procter Gamble (PG)
DateTimeHeadline
07/30/201512:24:10Procter & Gamble Sees Muted Outlook -- 2nd Update
07/30/201511:01:53Procter & Gamble Sees Muted Outlook -- Update
07/30/201510:18:16Current Report Filing (8-k)
07/30/201508:40:16Procter & Gamble Gives a Muted Outlook
07/30/201508:33:06Procter & Gamble Gives a Muted Outlook
07/30/201507:16:33Current Report Filing (8-k)
07/30/201507:00:00P&G Delivers Double-Digit Currency Neutral Core Earnings Per...
07/29/201510:16:00Mr. Clean® & Home Renovation Expert Jonathan Scott Showcase...
07/29/201507:09:24P&G Details Pay For New CEO
07/29/201506:01:25Current Report Filing (8-k)
07/28/201520:15:49P&G Names David Taylor as CEO
07/28/201519:56:16P&G Names David Taylor as CEO
07/28/201519:10:37P&G Names David Taylor as CEO
07/28/201518:52:47P&G Names David Taylor as CEO
07/28/201518:25:16P&G Names David Taylor as CEO
07/28/201517:30:00David S. Taylor Appointed P&G President and Chief Executive Officer
07/27/201521:30:30At P&G, Lafley Prepares to Hand Over Reins
07/27/201519:44:08At P&G, Lafley Prepares to Hand Over Reins
07/27/201511:50:00Photo Advisory: Mario & Courtney Lopez Host Opening Event for...
07/23/201509:00:07Kimberly Clark Raises Guidance Despite Currency Volatility

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