United Kingdom

Sage Group PLC (SGE.L)

SGE.L on London Stock Exchange

15 Dec 2017
Change (% chg)

-2.00 (-0.26%)
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Latest Key Developments (Source: Significant Developments)

Sage Group sells U.S. payments unit for $260 mln
Friday, 2 Jun 2017 

June 2 (Reuters) - Sage Group Plc ::Disposal of North American payments business.Announces sale of its North American payments business to GTCR LLC.Says enterprise valuation for transaction is $260 mln of which $240 mln is payable as cash on completion and remaining $20 mln as deferred consideration.Transaction is subject to certain completion conditions and is expected to complete in next 3 months.Proceeds will be used to reduce net debt and invested in growth.  Full Article

Sage Group sees no material impact from Brexit on underlying performance
Tuesday, 26 Jul 2016 

Sage Group Plc : Group organic revenue increased by 6.0% in q3 . Weakening of sterling at end of q3 will generate a slight fx tailwind for FY16 if current exchange rates were to prevail for rest of year . Organic recurring revenue grew by 10.1% for year to date . Remains confident of meeting fy16 full year guidance: delivering at least 6% organic revenue growth and 27% organic operating margin. .Do not expect there to be a material impact from EU referendum on underlying operating performance of business.  Full Article

UPDATE 1-FTSE sluggish after Centrica dives

LONDON, Nov 23 A fall in Centrica's shares weighed on British stocks on Thursday, but a rebound in housebuilders and a weak pound provided enough support to recoup most of the morning's losses.