Sage [LSE: SGE]
The accountancy software company Sage has published a mid-year trading update this morning and it’s a rather mixed bag, Growth forecasts for the full year have been trimmed slightly and the note makes specific reference to a sluggish performance in Northern Europe, Africa and the Middle East. Other territories fared better, but this assessment may not meet with the approval of shareholders.
Rolls-Royce [LSE: RR]
There’s a note out from Rolls-Royce this morning regarding the company’s Trent 1000 engines which are used by many airlines to power the 787 aircraft. Concerns over the engine have been lingering for some time and now the company says more frequent checks must be performed – something which Rolls Royce will have to pay for. The company notes that the necessary funding will come from deferring other items of discretionary spending.
London Stock Exchange [LSE: LSE]
The London Stock Exchange has reported this morning that a new CEO has been found for the company in the shape of David Schwimmer, the former head of market structure at Goldman Sachs. The LSE has been without a CEO since last November following Xavier Rolet’s resignation in the wake of a tussle with an activist shareholder, but with a swathe of mergers being seen in the exchange sector, having someone back at the helm could prove instrumental in maintaining growth.
