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Technology / AI and automation

UK FINANCIAL INFO OUTFIT DISPLAY.IT ON THE ROPES

A final bid to rescue Display.IT, the financial information company, has been launched by Tony Groom, a specialist in rescuing companies with financial problems. With a High Court hearing set for next Monday on the appointment of an administrator, Groom told the Financial Times that he was looking forward to putting his plans to the administration. Display.IT, whose shares rose to 800 pence after being floated at 20 pence, has been in trouble since claims of huge software sales were shown to have been false. A bid to save the company through a 1m pound rights issues failed.

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CBR Staff Writer

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