As reported in our trading and offer update in January, (see Investor Relations News for more details), despite the difficult global macro economic environment, the Company has performed well during 2008 and continued to win new business, both in the UK and internationally. Performance for the second half of the year improved upon H1, with sales in the fourth quarter being particularly pleasing.
The business press continues to express an interest in Concateno; two recent reports on its progress were briefed in The Times: http://business.timesonline.co.uk/tol/business/markets/article5570051.ece which reported in January:
"Concateno, the drugs tester, rose 4p to 75p after assuring investors that it continued to win new business and that it was still in offer talks, thought to be with a number of investment groups and trade players." and again last week: http://business.timesonline.co.uk/tol/business/markets/article5755584.ece
"Concertino, (SIC) the Drug-testing group, rose 2p to 88¼p as speculation emerged that American private equity and trade buyers were edging towards making a long-awaited bid for the company. Last week the group, which has bought up a number of testing businesses over the past few years, presented to the US industry at a UBS health conference."
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