GUS goes for a Green Shield stamp style reward scheme
Cheap wine glasses and a fondue set, anyone?
Great Universal Stores is launching the online equivalent of the Green Shield stamps gift programme. Internet users will be rewarded for reading and responding to email offers, completing surveys, or buying something. GUS is allying with US group MyPoints, in which it has a 10 per cent stake, to run the scheme. GUS bought online retailer Jungle.com at the start of September.
IBNet has reported losses of £595,000 before tax on a turnover of £14,000 since the company floated on AIM four months ago. The Internet surveillence and news gathering service says that it has signed several new clients in the time, and that its cash reserves are "more than adequate" to fund it until it moves into profit.
iTouch, the carefully watched mobile content provider, has released its first interim results. The company's six-month turnover was just over £1m with a gross operating loss of £3.3 million. Its second-quarter revenues were 56 per cent greater than Q1, said chairman Ivan Fallon. iTouch had a tricky float in August. With many pundits unable to decide what the company was worth, it was eventually forced to slash its issue price to £200 million from between £280 million and £370 million.
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