Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Ceres Power Plunges Most on Record in London on Shutdown Threat

Oct. 4 (Bloomberg) -- Ceres Power Holdings Plc, a developer of fuel cells generating power and heating for homes, slid the most on record in London after saying it may close the business.

Ceres declined by 74 percent to 2.3 pence by 10:22 a.m. in trading in the city, the steepest collapse since the Horsham, England-based company first sold shares in November 2004.

The company “has been unsuccessful in securing sufficient funding for the business,” it said today in a statement. Ceres is exploring “a sale of the business, cancellation of the listing, and in the absence of any alternative proposals commencement of an orderly wind down of the business.”

The stock has fallen more than 93 percent since saying Oct. 12, 2011, that its products wouldn’t be commercially available until the first half of 2014. The schedule was 2 1/2 years later than planned and was itself scrapped in March when Ceres said it would focus on a more advanced product to go on sale in 2016.

To contact the reporter on this story: Alex Morales in London at

To contact the editor responsible for this story: Reed Landberg at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.