Tesco takes online shopping to ‘nearly all’ of the UK
Clickmango clings on like grim death
Tesco has announced it will roll out its Internet ordering plans to cover "nearly all" of the UK by the end of the month. The company claims this puts it ahead of main rivals Sainsburys, a claim apparently backed up by the latest market share figures which show Tesco edging ahead with 15.6 per cent (up 0.4 per cent) and Sainsburys slipping to 11.8 per cent from 12.2 per cent.
United News & Media has postponed a decision to float its techie publishing division, CMP.net. Adverse market conditions were blamed for the delay of the £300 million IPO.
Clickmango.com is to stay open for business for another month at least in a bid to attract further investment to keep the ailing health ebusiness in operation. Robert Norton, co-founder of the site, said he was "cautiously optimistic" that additional funding could be found in time.
Telewest is in further trouble amid heavy speculation that a number of companies are looking at it as a potential takeover.
Last week, the company's Q3 results showed an increase in losses to £166 million from £120 million a year before. Depending on who you believe, Dutch cable company UPC or American private equity group Callahan Associates are ready to buy the company out.
Offers are thought to be in the region of £6 billion. Telewest has shunned any attempts at takeover but hinted at a merger with NTL, a move doubted by observers.
While loudly asserting that it is "not just another dot com", motorbike site Bikenet.com is set to float on the stock market. The company, in which Dixon's hold a 50 per cent stake, is expecting to raise between £2 million and £3 million to spend on expansion, and anticipates a market capitalisation of £20 million. The company said that it expects to turn a profit with in a year.
Mobile phone company, Orange, is gearing up for a partial float later this year. The company has appointed three leading bankers, Dresdner Kleinwort Benson, Morgan Stanley and Societe Generale, to manage the offering. The float could value the business at £60 billion. Orange has also shifted its £30 million advertising account from WRCS to Lowe Lintas. It said that themove was necessary as the company became more global, and that Lowe had understood the importance of its established brand.
Vox Generation has poached Disney's former head of international operations, Chafic Najia. The UK startup is building a voice portal for punters who want to navigate the Web via their mobile phones. Najia is working with psycho linguists at UK universities to develop an intuitive voice interface. This would allow users to switch from email to booking a cinema ticket or anything else at random.
Israel-based GEO Interactive Media Group Ltd has invested $5 million in Tornado Development, Inc a California-based unified messaging outfit. GEO will use the technology for video messaging over telecom and wireless networks. ®
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