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UK smallcap opening - Endace moves lower after IC turns sour


Published :
Fri, 22 Jun 2007 09:04
By : Agencies
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LONDON (Thomson Financial) - Shares in Endace dropped 25 pence to 440, as the Investors Chronicle noted that its share price has more than tripled this year and could be one of the first to fall if markets turn sour.

Online advertising and e-commerce company Internet Business Group extended yesterday's fall, down a further 2-3/4 to 14-3/4.

The group warned yesterday that turnover and profits in the second half will potentially be lower than expected due to the delayed launch of new advertising products, but said trading in its core advertising business remains robust.

tf.TFN-Europe_newsdesk@thomson.com

mnd/slj

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