Novozymes Falls as UBS Sees Biofuel Pressure: Copenhagen Mover
This article is for subscribers only.
Novozymes A/S, the world’s largest maker of enzymes for biofuel, was the biggest decliner in the Copenhagen benchmark index today after UBS AG said investors should avoid the stock as new U.S. legislation may hurt sales.
Novozymes fell as much as 1.7 percent to 183.70 kroner, the lowest price since Feb. 1. The shares declined 1.2 percent to