Shares gain as Letts fires up Blur 3.0

Shares in Blur Group jumped 9 per cent yesterday after it launched the latest version of its procurement website.

The firm, which was launched by former Letts diary publishing scion Philip Letts and aims to become an “Amazon or Ebay” for business customers, said the new “Blur 3.0” platform is “a streamlined way to buy business services entirely online”.

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The updates system will feature a single sign-on for the firm’s service provider clients, giving access to a personalised homepage, previous pitches and current projects.

Letts, who is chief executive of the Aim-quoted firm, said: “This upgrade is all part of our continuous drive to deliver a world-class user experience for our global ecosystem. It allows us to more rapidly add new features and drive the future growth of our expert service providers way beyond the current 30,000.”

Earlier this month Blur was used to tender a $900,000 (£575,000) project in Panama.