Pure radio up for sale as boss departs

Summary of news on ‘Pure radio up for sale as boss departs’
Source: http://www.bbc.co.uk/news/business-35519881

Digital radio brand Pure is being put up for sale by UK technology company Imagination Technologies as the firm looks to cut costs
Imagination, which makes the graphics for smartphones and tablets, said it felt there were “more appropriate owners” for Pure
Shares dropped 7% as the firm also issued a profit warning and said its long-serving boss had stepped down
Imagination is targeting £15m in cost savings next year and has launched a full review into the business
Andrew Heath, previously an executive at Rolls-Royce, will be interim chief executive while the company looks for a replacement.

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