Logica removed from FTSE 100
Accountancy software company Logica has lost its much-valued place in the FTSE 100 after its shares suffered a series of setbacks.
The slip from the 100 most valuable companies on the London Stock Exchange leaves Sage, another accountancy software provider, the only tech stock left in the FTSE-100.
Logica was one among three companies that lost their positions in the FTSE 100.
When the technology boom reached its zenith in 2002 tech stocks took nine of the places in the 100 FTSE’s most famous index.
At that time, Logica’s share price touched a high of nearly £30 – it stood at 220.5p in early Tuesday trading.