Sage kicks off sale of payments-processing business September 9, 2019 Sage has lined up bankers to find a buyer for its payments-processing arm Sage Pay. Investment bank Rothschild has been appointed to sell the business, which has around 50,000 small and medium sized business customers, Sky News reported. Read more: Sage shares fall as it warns of slipping license software sales It is unclear what [...]
Sage shares fall as it warns of slipping license software sales July 25, 2019 Sage’s share price has dipped 12 per cent after the British IT firm revealed traditional software sales fell over the first nine months of the year. Sage’s core software revenue dropped 15.5 per cent year on year to £195m, it said today, blaming underperforming sales for its old X3 as it transitions to its cloud-based [...]
City Moves for 4 December – who’s switching jobs at Spire Healthcare, Sage Group and Mizuho International? December 4, 2018 Who’s swapping jobs today? Spire Healthcare Spire Healthcare has promoted Alison Dickinson to the newly-created role of group clinical director with a remit of overseeing quality of care across the company’s 39 hospitals and 11 clinics. Alison joins the executive leadership team of the UK’s leading independent hospital group having previously served as the company’s [...]
FTSE round up: Index drops on oil and mining share sell-off following fears of oversupply November 23, 2018 The FTSE 100 closed 0.14 per cent down this week after falling to 6,950.82, driven by a sell off in oil and mining shares. The biggest faller was silver and gold miner Fresnillo which saw a 6.98 per cent decrease to 746.4p as the company continued to feel the effects of being downgraded by Morgan Stanley [...]
FTSE 100 roundup: Today’s winners and losers November 2, 2018 The FTSE 100 lost ground today, with the index down 8.05 points at 7,106.61 shortly before the market close. Markets globally reacted positively to suggestions that the US and China may be coming towards a deal to end their recent trade war. However, looking at the week just gone, it appears that the FTSE 100 [...]
City Moves for 4 October 2018 – who’s switching jobs at Sage, Thrings and Newgate Communications? October 4, 2018 Today's City Moves cover tech, legal eagles and communications. Take a look at these movers and shakers: Sage Sage, the market leader in cloud business management solutions, today announced the appointment of Amanda Cusdin as chief people officer. Following an interim period, this appointment recognises her contribution to creating a culture that will support Sage’s [...]
Sage profits soar as Stephen Kelly takes the reins as CEO December 3, 2014 Software company Sage Group has reported a 69 per cent rise in pre-tax profit to £278m. Operating profit was also up a whopping 65 per cent to £298m for the year ended 30 September. The FTSE 100 company grew software subscription revenues 28 per cent. Stephen Kelly, the company's new chief executive, said: Our financial [...]
Sage vs Netsuite: CEOs Stephen Kelly and Zach Nelson take Tube-inspired ad war to Twitter November 6, 2014 Netsuite, the US software firm, is on the war path. The cloud computing giant wants a slice of UK rival Sage’s market share and isn’t afraid of getting its hands a bit dirty. On Wednesday, it launched a newspaper ad campaign, using a Tube-like map to attack Sage: “All Sage lines terminate here,” said the [...]
Sage chief executive Guy Berruyer in line for £6m leaving package August 10, 2014 Guy Berruyer, the boss of top software developer Sage Group, could land a £6m leaving package when he steps down in November. Berruyer has amassed £2.7m in shares since joining Britain’s only FTSE 100-listed software firm in 1997. He could also be awarded a further £3m from the executive bonus plan, if the company reaches [...]
Stephen Kelly: Top civil servant to join Sage as chief executive August 6, 2014 Top software company Sage Group yesterday announced that Stephen Kelly would succeed Guy Berruyer as group chief executive from 5 November. Berruyer, who has led the FTSE firm for four years and worked at the firm for 17, announced his departure in May, saying at the time: “Life is about making choices, and at [...]