TechnologyAccounting SoftwareDoubts grow over Sage’s FTSE-100 status

Doubts grow over Sage's FTSE-100 status

Speculation that Sage, the last technology company left in the FTSE-100, could soon lose its place on the list, has begun in earnest, before its first-half trading statement is released on Friday.

Link: Sage clings on to main board

The Newcastle-based company is expected to report sales of £283m and pre-tax profits of £73m, for the six months to 31 March, reports the Financial Times.

Although the share price is relatively steady at around 120-125p, this is 47% below its 52 week high recorded in mid-April 2002.

The accounting software giant’s shares were last trading at 125p.

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