Ilion Group Plc, a UK-based IT consulting and training firm, said it is in negotiation with unnamed potential buyers. The announcement followed newspaper speculation about the company’s future after Finance IT, a group which includes former Ilion chairman Wayne Channon, upped its stake to 11.8% from 6.6% last week. At the end of trading Thursday, London-listed Ilion shares closed up 26.98% at 120 pence. In March the company reported a net loss of 2.2m pounds ($3.4m) down from profits of 3.7m pounds ($5.9m) on revenue that rose 19.4% to 233.2m pounds ($375.3m). The company recently brought new management in to bring the company back into profitability. Figures were converted at 0.61 pounds to the dollar.
