Logica up on new contracts

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The Independent Online
New contracts in Europe and the US helped push six-month profits at Logica, the computer services company, to pounds 9m from pounds 7.2m last time. Shares rose 17p to 532p on the news of the better-than-expected performance.

The company, which specialises in computer applications for the utilities, telecommunications and defence sectors, is a finalist, with partners, in at least four large tenders in the UK, including the pounds 10m contract to provide a payments system for the Benefits Agency.

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