Blur bullish as Tesco and Argos follow Amazon onto platform

21st Oct 2014 14:39

E-commerce company Blur said it continued to attract new blue chip clients as it moves to the final months of the year.The group said Argos and Tesco kicked off services projects via the blur 4.0 platform, following other companies such as Danone, Amazon, Sabre and Regus.It also revealed a $0.5m deal with an unnamed product innovation company and an alliance with ticketing company Eventbrite.Chief financial officer Stephen Harvey said: "There is a lot of excitement at Blur right now as we see the uptake of the platform increasing with bigger blue chip companies becoming a regular occurrence."New customers, new large value projects and new partners all confirm that buying services online leads to doing business better."N+1 Singer analysts said there are "very few companies in the market that have the potential to grow as much as blur" and expect the group to generate profit within the next two years.The stock was up 12.39% to 75.3p by 15:23 on Tuesday.