Out of leftfield on Thursday:
That’s CGI of Canada offering £1.7bn in cash to put long suffering shareholders in Anglo-Dutch software group Logica out of their misery. Read more
For a company that does half its business in the euro area, one could reasonably expect Logica to be fully conversant with the ongoing sovereign debt crisis.
George Osborne’s austerity measures are beginning to bite; and UK Plc is feeling the pain.
On Tuesday morning shares in the confusingly named Cable & Wireless Worldwide fell 12p, or 14 per cent, to 71.5p after the telecoms company warned profits would be at the low end of City forecasts because of a sharp slowdown in UK public sector spending brought on by the newly-elected chancellor’s emergency budget. Read more
Some pre-weekend RAW for your delectation. (The usual caveats and wealth warnings apply).
There are rumours of a bid approach for IT services group Logica following on from Friday’s story in the Daily Mail. Read more
1Bernanke weighs in on robot wars; brings Keynes for backup
2About China's capacity to absorb more capital
3Secret liquidity and Scottish independence
4Spain's awful unemployment
5Pump up, debase
Show more6S&P 2,100, by Goldman Sachs
7Buyback to enrich
8Everlasting credit, the long view
9Apple Operations International, facts (?) du jour
10Collateral crunch-counting gets sophisticated
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