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Phorm confirms TalkTalk fail

Phorm confirmed today that TalkTalk has terminated its commercial agreement with the web monitoring and ad profiling firm.

The company's shares fell another 16 per cent to day to 201.9p. This follows drops of 11.5 per cent yesterday and 25 per cent on Monday.

Phorm said it was concentrating on faster moving markets outside the UK for its first deployment, and: "The Company continues to make excellent progress and is actively engaged in more than 15 markets worldwide including advanced negotiations with eight major ISPs of which three are engaged in trials."

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