Sage share surge sets rumours running

Kashflow logo
Share this content

As the FTSE nose-dived in the wake of the Northern Rock crisis, Sage's share price led the index on Monday with a 2.7% gain that set off a flurry of takeover rumours. John Stokdyk reports.

It may have been more a sign of the City's fevered atmosphere than a solid bid, but someone was investing heavily in the last remaining UK technology company in the FTSE 100. One rumour suggested the Indian technology group Infosys was readying a bid, while Cap Gemini was another name said to be "doing the rounds".

A positive research note from Deutsche Bank may provide a more prosaic explanation for Sage's surge. The bank's analysts had ridden along with Sage chief financial officer Paul Harrison in a roadshow around eight institutional investors in Paris, where he emphasised the strength of Sage...

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.

About AccountingWEB


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.