Blur Group interim in line with market expectations

15th Jan 2015 13:11

E-commerce company Blur Group said it expects its full-year results to be in line with market forecasts.Blur announced in its report that it has enough cash resources to keep positive cash flow and profitability for the year ahead.It also revealed on Thursday a new $17m project with a new customer to raise sponsorship and investment for an independent cycling team that is planning to compete in events such as the Tour de France.Chief executive Philip Letts said the deal follows other addictions in its platform like Argo, Tesco and South West Water."I am pleased to see yet more evidence of take-up at the highest levels," he continued.Shares were up 0.5% to 54.77p on Thursday at 12:36.