Feeds

NetBenefit trebles sales

Freeserve to leave FTSE this week

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

NetBenefit has released its annual results, showing an increase in turnover of 282 per cent (£7.52 million from £1.97 million last year). It has also announced a loss of just £241,000 (profit of £254,000 last year), despite several large acquisitions this year, most notably its main competitor NetNames. The avoidance of a large debt burden stems from NetBenefit's decision to give itself £20 million worth of intangible fixed assets. NetBenefit floated on AIM in June 1999 and on the FTSE in January this year.



Freeserve is likely to be chucked out the FTSE 100 index this week. The Dixons-owned ISP has had a rocky time of it recently and has been surrounded by takeover/sale rumours. But while Freeserve looks as though it is going down, other IT stocks have been tipped to enter the elite 100, including Baltimore Technologies, Psion and Dimension Data Holdings.




Online financial news company FMIT is to float on Ofex. The float values it at £9 million, and FMIT hopes to raise £1.5 million. FMIT says its online


service - basically a database of IT vendors, news and job moves/promotions - will be paid for by financial directors subscribing in order to save on consultancy.




Printing.com - unsurprisingly, a printing company - has raised £1.9 million in a float on Ofex. It plans to use the money on expanding its service from eight cities in the UK to 45. According to the company, the offer was largely oversubscribed and it issued an extra 600,000 shares (originally, 8 million) to deal with demand.




The world's largest free IT training site (apparently) Freeskills.com has been sold by its two UK computer consultant owners for £2.3 million. The site was set up by the pair in their spare time, nine months ago, offers free online training courses for 220 software packages. It has been bought by US Net media company eFront. ®



For more ebiz financials visit our Cash Register.

Choosing a cloud hosting partner with confidence

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.