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The Guardian - UK
The Guardian - UK
Business
Katie Allen

Messaging International soars but denies imminent Apple deal

Shares in Aim-listed Messaging International are still up more than 100% despite the company trying to pour cold water on talk of an imminent deal with Apple. Its trading update this afternoon does not mention Apple specifically but a spokeswoman tells us there is no truth in the rumours.

The talk on internet message boards had sent its shares up more than 150% in morning trading. Messaging International, whose services allow pictures, music and text to be sent from PCs to mobile phones, responded with a trading update this afternoon.

It says:

"The company continues to strengthen current partnerships and customer relationships and forge new alliances with mobile operators."

But asked about the a partnership with Apple specifically, as rumoured this morning, a spokeswoman said: "The rumour is completely unfounded."

Messaging International, which has contracts with major mobile operators in North America and Easten Europe and also runs a service allowing people to send texts to landlines, said in the update that it continues to trade in line with management expectations.

It shares are up 0.6p, or 120%, at 1.1p.

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