Thomson Financial closes marketeye

Thomson Financial closes marketeye

Thomson Financial is to shut down, the UK-based personal finance Web site acquired with the purchase of Primark.

Thomson says it will package up marketeye's real-time and delayed stock market price data and market overview information for transfer to over the next quarter. Marketeye's UK equities and editorial coverage will be discontinued.

Gareth Evans, managing director of Thomson Financial Solutions says the closure of marketeye will enable the company to "focus our energies on the provision of one major financial information Web site dedicated to consumers".

The move is part of Thomson's stated strategy to move away from the provision of "own source" news and editorial, says Evans, and to focus more strongly on its core institutional, corporate and B2B ASP business.

The demise of marketeye caps a dismal spell for UK-based business-to-consumer personal finance sites. Last week Misys shut down its B2C Web businesses and theformula. A week earlier, New Media Spark said it would close the personal finance Web sites operated by takeover target GlobalNetFinancial.

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