BusinessCompany NewsSage has £400m to spend

Sage has £400m to spend

Newcastle software giant still on acquisition trail

FTSE 100’s only software firm, accountancy vendor Sage, says it is still
looking for deals despite losing out in its bid for Norwegian company, Visma.

Paul Harrison, Sage finance director, said the company had £400m to spend.

‘We do as a board regularly consider our position on returning cash [to
shareholders],” he said. “[But] because of the opportunities … it makes sense
to retain the firepower we have,’ Harrison said.

Harrison’s comments came after Sage revealed sluggish first half results.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor