Latest London Bridge Group News: Finextra Research

Republic Bank live with London Bridge software

Trinidad-based Republic Bank has gone live with London Bridge Software's core Phoenix System, trade finance application TradeWind and business process management software Vectus.

18 November 2003

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Cost controls keep London Bridge in trim

London Bridge Software, a suppler of credit management systems to the global banking industry, has turned in an improved operating profit of £1 million for the six months to end June 2003, as headcount reductions and the consolidation of certain US operations counteracted a 12% decline in revenues.

07 August 2003

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London Bridge racks up losses

London Bridge Software has reported a loss before tax of £51.4 million for the year-ended December 2003 as a result of falling sales and charges against business write-downs and redundancies.

06 February 2003

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London Bridge Software acquires AFA stake under business alliance

London Bridge Software has entered a strategic business alliance with AFA systems and has agreed to acquire 8.2% of the enlarged issued share capital of the City-based solutions vendor.

03 February 2003

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London Bridge seeks early European adopters for TradeWind solution

Financial technology vendor London Bridge has initiated an 'early adopter' programme for additional takers of its LGB-TradeWind system in Europe.

19 November 2002

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Brief: Commonwealth Bank & Trust to implement London Bridge Phoenix

Kentucky-based Commonwealth Bank & Trust is to deploy technology from London Bridge Group's Phoenix Software for its core banking system.

14 November 2002

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London Bridge stakes interest in op risk vendor Amelia Financial

London Bridge Software has acquired an undisclosed stake in privately-held operational risk management vendor Amelia Financial Systems.

24 September 2002

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London Bridge Software cuts staff as slowdown hits sales

London Bridge Software is to cut ten per cent of its workforce after a £5 million reduction in license fees in the first six months of 2002 fed through to reduced revenue and profit against the comparable period a year ago.

30 July 2002

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Mixed results for London Bridge

London Bridge Software has reported a mixed bag of results for 2001, with revenues up 31 per cent (eight per cent organic) to £74.1 million, but earnings per share falling 6.5 per cent to £0.17. The year was marked by a drop off in new license sales, offset by growth in service revenues.

07 February 2002

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Brief: London Bridge wins Beal Bank Phoenix contract

US-based Beal Bank has signed a five-year agreement, valued at over $4 million, to implement London Bridge Group's Phoenix system across its banking operations.

25 January 2002

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London Bridge Software buoyed by strengthening market

London Bridge Software says it will meet revenue and profitability forecasts for 2001 on the back of a strengthening market for debt collection software and the return to profitability of the Phoenix banking software division in the US.

14 January 2002

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LBG report calls for end to software hotchpotch in British banks

A report from banking software specialist London Bridge Group (LBG) suggests that British banks need to reconsider their software policies.

12 July 2001

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