ConvaTec's shares plummet on weak results, draws up turnaround plan
Share:
(Reuters) - Shares of ConvaTec plunged on Thursday after the medical devices maker reported "disappointing" annual results and launched a turnaround plan, which would include a $150 million (117 million pounds) investment over three years to boost sales and profit.Shares of the company plummeted 19 percent to the bottom of the FTSE mid-cap index.The company, whose chief executive left after a sales and profit warning in October, said it would focus on products and market segments that offer the..