Baltimore plans energy business

THE internet security firm Baltimore Technologies has announced plans to turn itself into an energy company into a bid to boost its share price.

Baltimore, once valued at £5.5 billion, said it would be seeking to acquire a renewable energy company as it has identified this sector as having the potential to deliver profits.

Baltimore said it has identified a “significant growth opportunity to exploit the unsatisfied and increasing demand from businesses for clean energy on commercially-competitive and reliable terms”.