Blinkx swings to operating loss as it narrows core focus
17th May 2016 14:56
(ShareCast News) - Internet media platform Blinkx swung to operating losses in the year to 31 March, it reported on Tuesday, having improved core revenues but slashing non-core turnover. The AIM-traded firm reported core programmatic revenue of $75.2m, up from $44.9m a year earlier, and core direct
Read moreBlinkx sinks as breakeven proves elusive
5th Apr 2016 09:26
(ShareCast News) - Blinkx disappointed investors with a trading update that dashed hopes that the third quarter return to profitability would continue into the final months of the financial year. For the full year to the end of March, the digital advertising technology specialist said it expected to
Read moreBlinkx exploring tie-up with US rival
18th Dec 2015 16:33
(ShareCast News) - Blinkx may be exploring a possible tie-up with Redwood,California-based rival Yume to help get the company off the rocks. The talks between the advertising technology group and its US rival were described as preliminary and tentative. It was not clear that they were sufficiently
Read moreBlinkx says first half performance was in line with expectations
9th Oct 2015 08:00
(ShareCast News) - Internet media company Blinkx said it expects its performance for the first six months of the year to be in line with expectations. In August, the London-listed group warned it would post an operating loss in the first half, on the back of a disappointing trading performance in th
Read moreBlinkx shares shed more than a third on profit warning
24th Aug 2015 09:18
(ShareCast News) - Shares in internet media company Blinkx lost more than a third early on Monday after the company issued a profit warning. At 0943BST the AIM listed company had shed 33.96% to 17.15p, making it one of the worst performers in the index. Blinkx said in a trading update that while fi
Read moreBlinkx chairman Anthony Bettencourt steps down
30th Jun 2015 08:29
Blinkx announced that Anthony Bettencourt will step down as chairman of the board of directors, effective from 1 July. Bettencourt will remain on the board as a non-executive director, serving on the nomination and remuneration committees, but will focus on executive responsibilities elsewhere. Raj
Read moreBlinkx plunges after swinging to pre-tax loss
18th May 2015 09:06
Shares in Blinkx plunged almost 8% early on Monday, after the internet media firm swung to an annual pre-tax loss. The London-listed company said heavy investments in a bid to address "rapid industry changes", a decline in revenue and pressure on margins contributed to a very difficult year. In the
Read moreBlinkx expands website portfolio with All Media Network deal
16th Apr 2015 16:03
Online media group Blinkx has snapped up All Media Network, gaining access a number of "premium consumer properties" which collectively get over 25m unique users each month. AIM-listed Blinkx didn't say how much it paid for the US business, but said it was funded by cash and expects the deal to be e
Read moreTuesday broker round-up UPDATE
11th Nov 2014 09:55
AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation. Betfair: JP Morgan raises target price from 1175p to 1350p and upgrades from neutral to overweight. BHP Billiton: JP Mor
Read moreBlinkx slides after revenue growth continues to slowdown
1st Oct 2014 12:33
Shares in digital media group Blinkx slumped nearly 15% on Wednesday morning after the group admitted revenue had continued to suffer a slowdown in the second quarter. As such, it now expects to breakeven for the first half on the back of revenue of between $102m and $104m, which is below analysts'
Read moreWednesday broker round-up UPDATE
1st Oct 2014 09:56
African Minerals: Canaccord Genuity reduces target price from 150p to 20p downgrading to hold. Avingtrans: FinnCap upgrades from hold to buy with a target price of 155p. Balfour Beatty: JP Morgan lowers target price from 220p to 200p, while upgrading to neutral. Blinkx: Numis places its buy recomm
Read moreBlinkx launches stand-alone video player software
7th Aug 2014 11:40
Blinkx announced the launch of Skyrocket Player, a new application which will allow users to view videos directly on their desktop, outside their internet browser. A floating player that can be positioned and resized anywhere on a user's screen, Skyrocket is aimed at those looking to watch a video,
Read moreGowex to file for bankruptcy, CEO admits wrongdoing
6th Jul 2014 20:04
Spanish broadband telecommunications specialist firm Gowex has announced the resignation of its Chief Executive Officer, Jenaro Garcia, and that it is to file for bankruptcy protection. The company, which was chiefly a provider of free WiFi connections in urban areas, lost approximately 60% of its
Read moreSunday newspaper round-up: Shire, Mothercare, Blinkx, Barclays
6th Jul 2014 17:18
AbbVie is expected to make an improved offer for Shire in the next few days after its Chief Executive Rick Gonzalez visited Shire's biggest investors in London, The Sunday Times said. Gonzalez is back in the US mulling his options after having three bid approaches turned down with the most recent va
Read moreCEO of blinkx shows faith after issuing profit warning
3rd Jul 2014 15:54
The Chief Executive Officer of internet company blinkx has made a show of faith with the purchase of 250,000 shares following Tuesday's profit warning. Subhransu Mukherjee, who joined the group in 2011, paid 34p a shares for a total spend of £85,000. Shares in the firm plunged on Tuesday after t
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