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BUZZ-Xchanging: shares slump to 3-yr low on heavy volume as H1 disappoints

Thu, 30th Jul 2015 10:47

** Xchanging shares down more than a fifth to theirlowest since 2012 on concerns over the co's Procurement divisionand departure of its CEO

** Revenues at the Procurement unit, which accounted formore a third of the co's overall sales last year, fell 18.2 pct

** Co also took a 47 mln GBP goodwill impairment relating topast Procurement outsourcing activity

** Liberium cuts stock to "hold' from "buy" and more thanhalves its price target on stock

** Stock is by far worst performer on the UK small-cap index (RM: vikram.subhedar.thomsonreuters.com@reuters.net)

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7 Nov 2022 11:00

IN BRIEF: Synectics names AdEPT director Wilson as chair designate

Synectics PLC - Sheffield, England-based security systems company - Names Craig Wilson as chair designate and a non-executive director with immediate effect. Says he will become non-executive chair after a planned transition and handover period of about three months. In June, David Coghlan said he will step down as chair by the end of this year after 16 years in the role to a "less direct role".

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2 Jun 2016 17:03

Xchanging CEO To Take Up Chair Position For General Meeting

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6 May 2016 07:39

Xchanging Finance Boss Bauernfeind Leaves Ahead Of Takeover

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28 Apr 2016 09:13

Xchanging Says Insurance Arm Wins Contract From P&C Insurer

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4 Apr 2016 07:58

Xchanging Renews Contract With Statutory Body WorkSafe Victoria

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31 Mar 2016 07:56

Computer Sciences Gets European Approval For Xchanging Takeover

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4 Mar 2016 09:46

Xchanging Reports Swing To Loss Ahead Of Takeover By US's CSC

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1 Mar 2016 12:12

EU mergers and takeovers (March 1)

BRUSSELS, March 1 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- U.S. computer maker Dell Inc to acquire data storage company EMC Corp (approved Feb. 29) NEW LISTINGS --

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18 Jan 2016 08:10

Computer Sciences Offer For Xchanging Becomes Unconditional

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11 Jan 2016 09:00

Xchanging calls on shareholders to back CSC offer

(ShareCast News) - Xchanging called on its shareholders to accept an offer from Computer Sciences Corporation, as it pointed out that a superior offer from Ebix Inc was unlikely to materialise. Xchanging announced back in November that it had received an offer of 175p per share in cash from Ebix, bu

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11 Jan 2016 07:51

Xchanging Urges Shareholders To Accept CSC Offer Before Friday

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23 Dec 2015 07:44

Computer Sciences Has 57% Of Xchanging After Buying Shares From Capita

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16 Dec 2015 16:44

Capita's Offer For Xchanging Lapses After CSR Trumped Its Bid

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11 Dec 2015 09:48

Gresham House Strategic Set To Name Ken Lever Of Xchanging To Board

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10 Dec 2015 08:13

Ebix Confirms It Remains Interested In Acquiring Xchanging

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