Sage Group Launches GBP41M Tender Offer For Poland's Teta SA
23rd Jun 2010 08:07
LONDON (Dow Jones)--Sage Group PLC (SGE.LN), a supplier of business management software and services, said Wednesday it has launched a public tender offer to acquire Teta S.A. (TET.WA), based in Wroclaw, Poland, and listed on the Warsaw Stock Exchange, for an enterprise value of GBP41 million. M
Read moreBuyout Firms Circle Bain Capital's TeamSystem -Sources
21st Jun 2010 12:07
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Several private equity firms are likely to bid for TeamSystem SpA, the Italian software company put on the block by Bain Capital, in yet another example of the popularity of payment processing companies, people familiar with the
Read moreBain Puts Italian Unit TeamSystem Up For Sale: Sources - FT
21st Jun 2010 03:51
DOW JONES NEWSWIRES Bain Capital has put its Italian software unit TeamSystem up for sale for as much as EUR600 million ($743 million), the Financial Times reported Monday, citing anonymous sources. U.K.-based Sage, which attempted to buy TeamSystem previously, is said to be interested, the
Read moreWeek Ahead:BoE rate decision, Centrica, BT, Sainsbury
7th May 2010 11:44
The Bank of England delayed the meeting of its Monetary Policy Committee (MPC) last week as it clashed with the date of the general election. The date was rescheduled to avoid any accusation of the MPC's decisions on interest rates and fiscal stimulus influencing the election result. The MPC is s
Read moreLondon close: Late rally pares losses
5th May 2010 17:16
Though tomorrow is the day of the UK General Election all eyes were on Greece today, as at least three people were reported dead as violent protests erupted in central Athens against the planned introduction of austerity measures. Stocks came off the bottom towards the end of the session, though th
Read moreLondon afternoon: Greek riots rattle investors
5th May 2010 14:53
Footsie is now nursing a triple digit fall as the downward trend seen in the last hour of the morning session accelerated over lunch as US investors woke up to television footage of Greeks rioting in the streets. Civil unrest in Greece has sent the price of oil and metals into decline with a predic
Read moreLondon midday: Stocks turn south again
5th May 2010 12:19
Having recovered all the way back to last night's closing level shortly after 11:00am the Footsie headed south again for the remainder of the morning as the US futures markets suggested Wall Street will open lower. On a busy day for trading announcements Next is the most conspicuous faller despite
Read moreLondon open: Heading lower again
5th May 2010 08:47
Footsie has turned sharply after a steady opening half-hour as a number of gloomy comments about consumer spending have hit sentiment already shaky following yesterday's heavy falls on global markets. Next expects profits this year to be at the top end of market forecasts after sales in the first
Read moreSales still sluggish at Sage
5th May 2010 07:37
Better control of costs enabled accountancy software giant Sage to post a healthy rise in interim profits, though sales fell again albeit a slower rate than this time last year. Pre-tax profits in the six months to March rose to £159.6m from £139.2m, on sales of £719m, down 4% from £748m. Underlyin
Read moreWednesday preview: Pru, L&G, Sage
4th May 2010 15:52
FTSE 100 companies Sage, Legal & General, Liberty International, Next and Prudential are scheduled to give trading updates on Wednesday while Chilean copper miner Antofgasta will issue a quarterly production report. The Pru will announce the terms of its $20bn rights issue to fund the acquisition o
Read moreWeek Ahead: Sage, Aberdeen Asset, Smith & Nephew
30th Apr 2010 11:53
It's a shortened week next week thanks to the May bank holiday and as usual Wednesday and Thursday look like being the busiest days, with FTSE 100 companies Sage, Legal & General, Liberty International and Next reporting on Wednesday and Vedanta, Morrison's, Schroders, Smith & Nephew and RSA Insuran
Read moreLondon close: Volcano disruption holds back shares
19th Apr 2010 16:47
Trading was overshadowed by the volcano cloud that is keeping planes grounded across Europe, with updates on the impact of the disruption appearing throughout the day, but the leading share index finished just a few points lower. British Airways fell after saying it estimates that lost passenger an
Read moreLondon afternoon: RBS defies the trend
19th Apr 2010 14:37
The FTSE 100 briefly dropped below 5700 over the lunchtime session as share prices continued to drift lower. Travel stocks remain the big story as the major players start to count the cost of the disruption from the Icelandic volcano cloud. IATA, the international air transport association, has es
Read moreBroker snap: Sage, Hargreaves Lansdown, Pace
19th Apr 2010 13:50
Though sorry to see Paul Walker go, Panmure Gordon thinks Sage chief executive Paul Walker could not have chosen a better time to announce his decision to step down, as the going should start to get easier now for whoever succeeds him. "An ability to drive 'growth' is the key ask for the new CEO [c
Read moreBroker snap: Panmure predicts soggy Sage share price
19th Apr 2010 13:32
Though sorry to see Paul Walker go, Panmure Gordon thinks Sage chief executive Paul Walker could not have chosen a better time to announce his decision to step down, as the going should start to get easier now for whoever succeeds him. "An ability to drive 'growth' is the key ask for the new CEO [c
Read more