Fidessa Group Share News (FDSA)
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FDSAWed, 02nd May 2018 17:19
LONDON (Alliance News) - Investment management software developer Fidessa Group PLC said on Wednesday that HSBC Holdings PLC bought a 5% stake in the company.
HSBC bought a total of 38.8 million shares in Fidessa in a transaction which was completed on Tuesday.
Last week, FTSE 250-listed Fidessa accepted an offer of GBP38.703 in cash for each of its 40.1 million shares by ION Capital UK Ltd.
Shares in Fidessa Group closed down 0.2% at 3,925.00 pence.
Panmure Gordon has warned of "storm clouds on the horizon" for income investors as corporate payouts reach "unsustainable" levels and has picked out several FTSE 350 companies where dividends appear particularly vulnerable. Although the UK economy has begun 2015 in rude health, the broker pointed ou
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