Posts tagged 'logica'

Can this really be it for Logica?

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

IT consultant discovers eurozone, with disastrous consequences

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.

 Read more

Snap news

Breaking pre-market news on Wednesday,

- Thomas Cook says first quarter bookings off to slow start; to close 200 shops; net debt £891m — statementRead more

Snap news

Breaking pre-market news on Wednesday,

- Lloyds Banking Group says António Horta-Osório taking leave of absence following medical advice; to return to position before end of year — statementRead more

Snap news

Breaking pre-market news on Friday,

- RBS posts pre-tax profit of £1.1bn in first half — statementRead more

UK Plc feels the pain of Osborne’s axe (updated)

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

Friday rumourtrage

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 MailRead more

Snap news

The latest on Thursday,

- Logica raises £90.5m through share placing at 67p per share – statement Read more

Snap news

The latest on Friday,

- New Star asset management see assets under management fall £3.1bn to £16.1bn; renegotiates covenants on debt facilities; interest rate increases 1.5% – statement Read more