Finance chief Richard Webster's exit hits Pursuit

Shares in Pursuit Dynamics fell 7 per cent yesterday as the crisis-struck technology company, whose chief executive quit in December, admitted its finance director would follow him out the door.

The company said Richard Webster's departure was part of its cost-cutting plans to save £450,000 a month. Pursuit added that it was looking for investors in order to "preserve future value from the company's intellectual property."

In May it was revealed that Procter & Gamble had pulled the plug on a deal to use Pursuit's technology.

The shares fell 0.88p to 12.25p.