Shares in Morse have held steady on the back of potential bid action, as the UK IT services group reports a dip in second half revenue in an unaudited trading update for the 12 months ended 30 June 2009.
UK IT services group Morse is to discontinue its Investment Management Consulting business and restructure its operations after reporting a group-wide operating loss of £17.3 million for the six months ended 31 December 2008.
UK IT services group Morse says it will record a £500,000 charge in the third quarter relating to the collapse of US investment bank Lehman Brothers.
Duncan McIntyre announced his retirement as a director of Morse plc on 8 August 2008 with immediate effect.
Since its pre-close trading update on 8 July 2008, the Board has identified a number of potential cost savings.
Morse ('Morse' or 'the Group'), the advisory & execution professional services company, holds its AGM at 10.00am today.
Monitise ('Monitise'; LSE: MONI.L), the global leader in the provision of mobile banking and payment services, announces two Board appointments with immediate effect.
UK systems house Morse has acquired Xayce, a provider of back office IT consultancy services founded by former Accenture staff, for an initial consideration of £3.6 million in cash and shares.
Morse plc ('Morse' or 'the Group'), the advisory & execution professional services company, announces its full year results for the twelve months ended 30 June 2007.
Monitise ('Monitise' or the 'Company') announces that the placing price for the placing of new ordinary shares in the Company (the 'Placing Shares') with certain institutional and other investors (the 'Placing') is set at 22 pence per share (the 'Placing Price').
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