Logica and eXchange keep Net craze on the boil
Saturday 11 December 1999
Logica shares soared 15 per cent to 1,697p after the company gave an upbeat trading statement to institutions. Andrew Given, finance director, said Logica expected "strong growth" in the half to December in its mobile networks integration business and continuing improvement in margins.
EXchange holdings, which acts as a business-to-business financial services and information intermediary, topped the FTSE 250 index, rising 22 per cent to 385p after it unveiled a deal with Yahoo!, the Web portal, to provide a range of comparative personal finance services in Britain and Ireland.
Analysts said the update by Logica reaffirmed the company's direction and prospects. "A lot of private investors and fund managers realised they have to invest there," said one trader.
Logica is in demand because telecoms is expanding rapidly, particularly in Internet applications. As telecoms switches from circuit-based to packet switches, there is substantial growth for companies such as Logica.
The financial information services operation from eXchange holdings will be launched in the first quarter of 2000 and will appear on pages co-branded with Yahoo!'s UK and Ireland Finance and moneyeXtra brands.
- 1 Sainsbury's '50p challenge' poster telling staff to encourage customers to spend more placed in shop window instead of staff room
- 2 Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
- 3 HeForShe campaign: Iceland to follow up Emma Watson speech with UN women's rights conference – for men only
- 4 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 5 Teenagers irritable because early school hours mess with their biological clocks
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Car tax disc changes: Five facts you never knew about your (almost obsolete) tax disc
Isis an hour away from Baghdad - with no sign of Iraq army being able to make a successful counter-attack
Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
The Aral Sea: Nasa pictures show how what was once the fourth largest lake in the world has become almost completely dry
Isis, we are told, is a 'clear and dangerous threat to our way of life'. I’m sorry, but I just don’t buy it
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...