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.
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.
Blinkx may be exploring a possible tie-up with Redwood,California-based rival Yume to help get the company off the rocks.
Internet media company Blinkx said it expects its performance for the first six months of the year to be in line with expectations.
Shares in internet media company Blinkx lost more than a third early on Monday after the company issued a profit warning.
Blinkx announced that Anthony Bettencourt will step down as chairman of the board of directors, effective from 1 July.
Shares in Blinkx plunged almost 8% early on Monday, after the internet media firm swung to an annual pre-tax loss.
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.
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.
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.
African Minerals: Canaccord Genuity reduces target price from 150p to 20p downgrading to hold.
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.
Anite: Investec places its target price (prev.: 88p) under review, while its hold recommendation remains unchanged.
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 valuing Shire at £27bn. Some observers say the US company will have to offer at least £50 a share to get Shire talking, improving on the £46.11 approach it made at the end of May.
A round-up of the biggest director deals today so far.
Internet media company Blinx saw its shares dive on Wednesday after revealing trading in the first half was below its expectations, which hit revenues and earnings, particularly towards the end of the second quarter.
Asia Resource Minerals: JP Morgan starts with a target price of 210p and a neutral rating.
Shares sink after fall in full-year profit; Acquires LYFE Mobile for undisclosed sum; Strong rise in revenue for the period
Internet media platform blinkx has announced a partnership with GrindMedia, an action/adventure sports media group, to offer users new sports channels from the latter's TransWorld unit.
Internet media group blinkx has launched Branded Content Hubs, a new series of content-rich premium channels built on videos from networks, sports studios and more.