RIM shares rally on fresh hopes

BLACKBERRY maker Research in Motion (RIM) received a rare boost yesterday as renewed optimism over its next range of smartphones sent shares in the company up more than 16 per cent.

The Canadian firm has seen its share price repeatedly battered by gloom over its potential to recover former glories in the face of competition from Apple and Samsung. However, National Bank of Canada’s influential analyst Kris Thompson upped his target, citing “positive sentiment in the industry”.