UK's Bidstack Group up 10.5% after Thomas Bullen named CFO

Bidstack

15/02/2023 09:55

** Shares of in-game advertising firm Bidstack Group
 BIDS.L  jump 10.5% to 1.85p
    ** BIDS names Thomas Bullen, former CFO of mobile
advertising platform AdColony, as group's CFO
    ** Co adds Bhavesh Hirani, current interim CFO, will resume
his role as head of finance
    ** BIDS' stock headed for best day since September 12 last
year
    ** Appointment comes after co said on Feb. 13 its 2023
revenue would be higher than last year, with revenue of U.S.
sales teams to grow more than expected
    ** Including session gains, co's shares are down about 32%
YTD
 (Reporting by Muhammed Husain in Bengaluru)
 ((Muhammed.Husain@thomsonreuters.com;))