For once, the tech sector is proving more attractive to web surfers than the resource companies this morning.
InternetQ, the mobile marketing and digital music specialist with a market cap of just over £100mln, is making a foray into Mexico with the acquisition of UpMobile.
UpMobile is the number one provider of interactive solutions for radio stations in Mexico, and also provides mobile solutions to media organisations and the public sector in Mexico, a market that currently has more than 100mln mobile connections and 33mln smartphone users.
Investors clicked on the news story to learn more of InternetQ’s strategy in Latin America – an area that is clearly of strategic importance to the company, bearing in mind it acquired Interacel Holdings LLC, one of Latin America's fastest growing mobile service providers, back in January.
Vodafone, a somewhat larger entity valued at £51bn or so, is to acquire Cobra Automotive Technologies at €1.49 per share in cash, valuing the entire fully diluted ordinary share capital of Cobra at €145 million (£115 million).
Cobra is a leading provider of security and telematics solutions to the automotive and insurance industries.
Lab Impex is a developer and supplier of radiation measurement solutions and services for use within the nuclear industry.
Elsewhere in the tech sector, Gaming Realms (LONGMR) is not exactly setting a new high score after its half-yearly report.
The online games developer recorded strong growth in the top line, up 400% to £3.6mln from £0.9mln in the corresponding six-month period a year before, but that came at a cost, as marketing expenditure of £5.2mln resulted in a pre-tax loss of £4.9mln.
Wine seller Majestic Wines (LON:MJW) disappointed with its full-year results. Sales barely nudged higher to £278.2mln from £274.4mln while group profit before tax was also little changed at £23.8mln from £23.7mln the year before.
Like-for-like sales were own 0.1% year-on-year, in what the group said was a difficult trading environment. Nevertheless, the company is ploughing ahead with its investment programme to ensure it has the right infrastructure to maximise on its long-term opportunities for growth.
Sticking with the boozy theme, Mitchells & Butlers (LON:MAB) is scoring high on the new aggregators popularity charts, after it bought up rival pubs operator Orchid Group for £266mln, which is roughly equivalent to seven pints of draught Peroni.
Also trending on the search engines is Medtronic, the US medical devices firm that will not, apparently, be launching a bid for UK counterpart, Smith & Nephew (LON:SN.). What it will be doing is taking over Irish firm Covidien and moving its headquarters to Ireland, presumably for the Guinness, the lush green pastures, the expertise of the Irish workforce, the craic and – oh yes – the business-friendly tax regime.