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  • BY: Andrew Hore |
  • POSTED: 30/04/2009 |

Bglobal’s annual figures will be worse than expected because installation finance is difficult to find.

The smart metering supplier has managed to negotiate better prices from customers which reflect the changes in foreign exchange rates.

There are difficulties in finding finance for the installation of meters. Bglobal is talking to potential finance providers.

At 13p a share, down 1p on the day, Bglobal is valued at £9.63m.

Chief operating officer Tony Barnes is taking over from Peter Kennedy as chief executive.

The government has earmarked £8.9bn for energy efficiency measures, including smart metering. This may finally kick start the market but this has been predicted for many years.

Bglobal has installed 53,000 meters and claims to have potential orders of more than 100,000 meters - which are apparently in the installation hopper.

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