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Infoserve Group

  • BY: Andrew Hore |
  • POSTED: 19/09/2008 |

Infoserve’s first half trading has improved markedly and sales are in line with expectations.

The online local search marketing business is on track to be cash neutral on a monthly basis by the end of this financial year.

There should be a positive second half contribution from the new Google contract.

Talks about a potential bid are continuing.

Despite the positive news the Infoserve share price dipped 4p to 28.5p, which values the company at £5.44m.

The interim figures will be announced on 15 December. 

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