Wetnose.com catches cold
And other fatal flu-like symptoms come to think of it
Wetnose.com, one of a flock of online pet retailers, has gone titsup.com after making losses of £1.6 million. The company blamed large start-up expenses and poor market conditions for its collapse. Accountancy firm Mazars Neville Russell has been appointed as liquidators.
Bright Station has a spring in its step today after reporting improved revenue growth for Q3 to the end of September. Revenues for the period were £2.4 million - an increase of almost 25 per cent. Losses before tax rumbled in at £4.6 million.
Carphone Warehouse reported half-year pre-tax profits of £17.4 million on sales of £447.9 million – better figures than expected following the recent decline in its share price. It blamed the bad figures from Ericsson and Motorola for its recent slide on the stock market. Shares rose 7p to 198p after the results were announced.
E-commerce software developers, Infobank, announced deepening losses of £7.82 million down from a £1.97 million loss previously. The loss came despite an increase in revenue to £706,000, but the company said it was comfortable with the results. The group depends on a share of revenues from transactions on clients’ web sites. ®
More Cash Reg here.
Sponsored: Transform Your IT Infrastructure