London close: Carnival sinks
22nd Mar 2011 16:57
A confident start was derailed by worse than expected inflation figures and a rally in the final hour of trading only brought out profit takers right at the death, leaving Footsie in the red. UK annual inflation rose faster than predicted in February, as surging utility bills drove up living costs.
Read morePhorm raises £10m of new money
22nd Mar 2011 15:53
Targeted online advertising firm Phorm is raising £16.1m from the issue of loan notes with an annualised interest charge of 15%. Existing loan notes worth £6.1m will be cancelled so the net cash inflow will be £10m before expenses. The loan notes are repayable at the end of October 2013 and the
Read morePhorm FY Pretax Loss $29.7M Vs Loss $48.0M
30th Jun 2010 09:09
LONDON (Dow Jones)--Phorm Inc (PHRM.LN), a personalization technology company, said Wednesday that for the year ended Dec. 31, 2009, it made a pretax loss of $29.7 million compared with a loss of $48.0 million. MAIN FACTS: -Revenue $nil (2008: $nil) -Operating loss (before non-cash share
Read moreOFT voices concerns over online targeted advertising
25th May 2010 13:55
The Office of Fair Trading (OFT) has called on the Internet Advertising Bureau (IAB), the trade association for online advertising, to address privacy concerns about online behavioural advertising. The OFT has published a report on online targeted advertising and pricing in which it says more could
Read moreSmall caps round-up: Cleardebt, Corero, Phorm...
26th Mar 2010 14:53
Personal debt reduction specialist Cleardebt found plenty of takers for its services in the second half of last year, as revenue grew 57% to £2.3m from £1.5m in the second half of 2008. Profit before tax improved to £0.43m from £0.10m, albeit after the recognition of a £0.25m gain on a bargain purch
Read morePhorm still hopeful of cutting UK deal
21st Sep 2009 14:01
Phorm is still awaiting its first revenues from its controversial software which anonymously tracks users' browsing habits in order to target them with more relevant advertising, but it did sharply reduce pre-tax losses in the first half of 2009. Loss before tax was $15.0m, compared to a loss of $2
Read moreSunday newspaper round-up: Rolls-Royce, G20, Lloyds
20th Sep 2009 10:52
Rolls-Royce is fighting a last-ditch battle to stop Barack Obama axing a military-engine contract that could see it share an estimated $50bn (£30.7bn) in sales over the next two decades. The aero-engine maker was last week lobbying in Washington to prevent funding being withdrawn for its engine for
Read moreLondon close: Footsie dives as miners reverse course
8th Jul 2009 17:04
The decline of the Footsie gathered pace in the final hour as miners, which had provided some measure of support for the blue-chip index for most of the day, turned lower. As global equity markets continue to retreat life assurance stocks were the main losers. Aviva, Legal & General and Prudential
Read moreTalkTalk walks away from Phorm
8th Jul 2009 12:38
Phorm, the Internet advertising technology firm, received another blow yesterday when TalkTalk, the Internet service provider owned by Carphone Warehouse, closed the door on using Phorm's Webwise product. The move, announced on Wednesday, follows hot on the heels of the decision by BT on Monday not
Read moreBT drops plans to use Phorm technology
6th Jul 2009 15:26
Shares in Internet advertising technology firm Phorm took a tumble after telecoms giant BT opted not to proceed with trials of Phorm's Webwise technology. BT, which has 4.8m broadband customers, said the decision was taken to enable it to focus on "our public commitment to developing next-generatio
Read morePhorm to focus more on overseas markets
18th Jun 2009 08:41
Phorm, which makes software that tracks Internet users' browsing habits so that they can be targeted with more relevant advertising, saw losses rise by 50% last year. Loss before tax widened to $48m in 2008 from $32.2m in 2007, as sales and administrative expenses ballooned to $42.2m from $32.8m th
Read moreLondon close: Miners buoy Footsie
10th Jun 2009 16:37
Footsie finished higher but with much diminished gains after surging in early dealings led by buoyant mining stocks then falling back as Wall Street retreated. Miner ENRC surged ahead after it said sales and production volumes during the first quarter were better than prior expectations though pri
Read moreLondon afternoon: Equities off the top
10th Jun 2009 15:06
Shares have eased back in the first half of the afternoon session, though Footsie remains in positive territory. Miners and banks remain the best performers. Miner ENRC surges ahead after it said sales and production volumes during the first quarter were better than prior expectations though pricin
Read moreLondon midday: Miners continue to rally
10th Jun 2009 12:19
Footsie is up more than 100 points with miners and banking shares driving the market forward. Miner ENRC is one of the main risers. Today it said sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Xstrata, Kazakhmys, R
Read moreLondon open: Miners lift Footsie
10th Jun 2009 08:49
London's blue chips have made good gains early on with miners pushing on strongly. Miner ENRC leads the blue chip index. Today it said sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Kazakhmys and Antofagasta are al
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