Date: Wednesday 20 Jun 2012
AIM-listed NetDimensions fell on Wednesday despite announcing it had done a deal to provide talent management software to Metersbonwe, mainland China's largest casual wear company. Metersbonwe will implement NetDimensions' Talent Suite software to address the increased training and talent management requirements of its 20,000 employees.
Video search engine Blinx said it had partnered with video news platform Newsy to give its users access to breaking news clips covering everything from international politics to Hollywood gossip. Using its AdHoc platform, blinkx will place relevant advertising against these videos and share resulting revenue with Newsy, it said.
Engineering firm Costain said it was teaming up with Skanska again to carry out a £40m joint venture for Crossrail. The project will build shafts providing access for ventilation, maintenance intervention, emergency exit and emergency services access for the railway at Eleanor Street and Mile End Park. This is the fifth contract which a Costain-Skanska joint venture has won from Crossrail.
Galleon Holdings, the AIM quoted entertainment media company, announced pre-tax loss of £0.9m for the six months to the end of March. The company said problems with third party developers in China meant the company was unlikely to go into profit this year.
TEP Exchange, a web-based exchange for traded endowment policies, leapt back into profit, delighting shareholders who pushed its shares up 26%. Pre-tax profits for 2011 came in at £666,082 compared to a loss of £86,458 in 2010. Revenue increased significantly in 2011 due to the firm licensing its electronic platform to SL Investment Management, it said.
Financial service group Brightside said its Chief Executive Arron Banks had resigned with immediate effect. The company's current insurance broking director, Martyn Holman, will take over as CEO with immediate effect. "Arron has taken this opportunity to step down from the board to review his options and will remain focused on his private interests," the firm said.
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