Value of Blur projects rising

ONLINE services group Blur said yesterday that the value of projects submitted to its exchange increased by more than 200 per cent year-on-year to just over US$16m (£9.3m) in the first half of 2014.

In a trading update the company said “s-commerce is being increasingly adopted by enterprise customers, with Amazon, Solvay, UTI, Menard, Incisive Media, Sabre, and CBRE starting projects.”

Despite its upbeat tone, investors are likely to look closely at the accounts, as in May Blur’s shares tumbled 40 per cent after it issued its second warning in a month and said it was looking at new finance.