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BUZZ-Blinkx Plc: Shares hurt after co swings to FY pretax loss

Reuters - UK Focus

** Video search and ad group Blinkx Plc (Other OTC: BLNKF - news) 's shares fall as much as 14 pct after co says it swung to a FY pretax loss

** Co cites shift towards mobile, video and programmatic advertising channels

** Blinkx sees near-term impact on profitability from shift in product mix toward fast growing but lower margin products

** "Looking at the broader investment case, we think growth will remain challenged, but that there remains some scope for Blinkx to benefit as a potential consolidator/consolidatee in the online advertising ecosystem." Citi Research analysts wrote in a note

** Stock one of the biggest losers of the FTSE AIM Technology Index (Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net)