Blur report a disappointing result

Blur, the online services exchange, reported widening underlying loss of $1.9m (£1.2m) for the six months to 30 June. The loss was attributed to the company’s increased investment in the corporate sales, marketing and platform infrastructure. Blur’s investments appear to have positively impacted its revenue, which grew 250 per cent to $3.4m in the period. Shares in the company fell to 445p yesterday.