|Bid||664.60 x 0|
|Ask||664.80 x 0|
|Day's Range||660.80 - 674.20|
|52 Week Range||7.32 - 823.00|
|Beta (5Y Monthly)||0.67|
|PE Ratio (TTM)||21.75|
|Forward Dividend & Yield||0.17 (2.56%)|
|Ex-Dividend Date||May 21, 2020|
|1y Target Est||N/A|
More than £30 billion in company dividend cuts has left a huge hole in the pockets of U.K. investors in retirement and those who rely on it to top up their monthly income.
Sage Group's <SGE.L> sales to new customers in April were roughly half the level expected as it felt the effects of a sharp economic downturn caused by the coronavirus pandemic. The supplier of software to small and medium sized firms said on Wednesday its organic revenue growth rose 5.7% to 935 million pounds ($1.15 billion) and organic operating profit was up 3% to 213 million pounds for the six months to end-March. Sage said it still expected recurring revenue to grow in the full year, but it would not be at the 8% to 9% it had previously targeted.
(Bloomberg) -- Microsoft Corp. is in talks to buy Softomotive Ltd., a U.K.-based startup that makes software robots to automate tasks, according to people familiar with the matter.If talks are successful, a deal could be announced as soon as the coming weeks, said the people, asking not to be identified because the matter isn’t public. No final decision has been made and talks could still fall apart, they said.The terms of the deal being discussed couldn’t immediately be learned. Softomotive raised $25 million in 2018 from London-based investment firm Grafton Capital.Representatives for Microsoft and Softomotive declined to comment.Softomotive specializes in robot process automation technology, or software that helps companies save time and money by automating repetitive, manual tasks such as entering data into spreadsheets. The company’s products are used in the health-care, banking, insurance and telecommunications industries, according to its website.It competes with startups such as Automation Anywhere Inc. and UiPath, which was most recently valued at $7 billion and has been eyeing an initial public offering, Bloomberg News previously reported.Microsoft, one of the largest software companies in the world, posted better-than-expected quarterly results Wednesday, as increased remote work accelerated demand for its cloud-computing products. It said in November that it had added robotic process automation to its workflow product and has signed up customers.Softomotive was founded in 2005 in Greece and moved its headquarters to London in 2015. Its website states that it’s a gold partner to Microsoft.The former chief executive officer of U.K.-software firm Sage Group Plc, Guy Berruyer, was appointed chairman of the board last year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Software company Sage Group Plc said on Monday it will sell its payment processing unit Sage Pay for about 232 million pounds ($296.87 million) to Elavon, a payments company and unit of U.S. Bancorp. Growth in payment systems has kept deals rolling with Fidelity National Information Services Inc's buyout of Worldpay for about $35 billion earlier this year. In January, U.S.-based Fiserv Inc bought payment processor First Data Corp for $22 billion.
(Bloomberg) -- U.K. software company Sage Group Plc has entered into an agreement to sell its Sage Pay business to Elavon Financial Services, in an all-cash deal worth about 232 million pounds ($300 million).Sage said in a statement Monday it expects the sale to close in the first quarter of 2020, and that the company would remain a partner under Elavon’s ownership.“Payments and banking services remain an integral part of Sage’s value proposition and we will deliver them through our growing network of partnerships, including Elavon,” said Sage Chief Executive Officer Steve Hare.Elavon is a global merchant acquirer and subsidiary of U.S. Bancorp, headquartered in Atlanta.The announcement of the deal follows the sale of Sage’s payroll operation business in January, and its U.S. payments software division in 2017. The Newcastle, England-based company develops, publishes and distributes accounting and payroll software, and is trying to bolster its subscription-based cloud business by offloading tertiary products.Shares of Sage have gained about 25% for the year to date through Friday’s close.To contact the reporter on this story: Nate Lanxon in London at firstname.lastname@example.orgTo contact the editor responsible for this story: Giles Turner at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investing.com -- Here is a rundown of regulatory releases firom the London Stock Exchange on Monday, 18th November. Please refresh for updates.