UK's Pipehawk declines on project delay
17/10/2022 09:37
** Shares of engineering firm Pipehawk Plc PHWK.L fall as
much as 13.5% to 13.4p - stock on track to log worst day since
March 24, if losses hold
** Co says start of production of 'Ventive Home' system by
joint venture between units QM system and Ventive Ltd delayed
urn:newsml:reuters.com:*:nRSQ0227Da
** Says project which was scheduled to begin in June 2022
now pushed to September 2023
** Cites delay in raising funds for additional development
to Ventive
** Up to last close, stock has fallen ~11% so far this year
(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com;))