Wylie, who left the company in May, sold 65 million shares at 178.5p in a disposal arranged by Deutsche Bank. It is thought that he will use some of the money from the sell-off to start up a new business venture. He still however holds a 3% share in the Newcastle-based financial software company.
Earlier this week Sage reported earnings in line with market expectations and a 12% rise in pre-tax profits to £151m.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements