Company
LON:EDEN
Eden Research PLC is the UK’s only AIM listed company focused on biopesticides for sustainable agriculture. The company develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries. Its vision is to be a global leader in sustainable crop protection through the development of bioactive products enabled or enhanced by our novel encapsulation and delivery technologies.
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The country's Ministry of Agriculture has given commercial partner, the Eastman Chemical Company, the green light and in doing so it has provided the first authorisation of any Eden-formulated product for use in greenhouse applications in E
Authorisation for Cedroz in the southern EU and emergency approval for its use in Italy meant its sales potential was expected to "singificantly" increase
In a note initiating the biopesticide firm at ‘buy’, the broker said the company’s underlying market was expected to grow to around US$9bn by the early 2020s
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Sean Smith, chief executive of Eden, said this is "excellent news", supporting the further growth of Mevalone sales
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The mid-cap FTSE 250 added over 147 points to close at 19,462 on Friday
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A glance at some of the day's highlights from the Proactive Investors newswire
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Sean Smith, Eden’s chief executive officer commented: “Rob's appointment is considered a key hire within the Company's previously announced plans to grow its in-house capabilities"
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The UK's premier shares index finished the afternoon session off nearly 31 points at 7,367
Lykele van der Broek will tell shareholders: "Eden is well-placed to sustainably and effectively meet many of the current and future needs of growers”
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
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On Wall Street, the Dow Jones Industrial Average is up 287 points at the time of writing
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Analysts at RBC Capital Markets are expecting the UK jobless rate to remain below 5% for a third successive month
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The week ahead's highlights include updates from Burberry, Land Securities, British Land, Premier Foods, Experian, Kingfisher, Aston Martin, Dignity, Centrica, Thomas Cook, On the Beach and Countryside Properties.
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A glance at some of the day's highlights from the Proactive Investors newswire
The Eastman Chemical Company is rolling out Cedroz following the grant of emergency authorisation for the product in the country
