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Distribution Tech slashing staff numbers

Distribution Technology is cutting its workforce by over a third after the completion of its new Dynamic point-of-sale system.

The IFA software firm is cutting staff numbers from 66 to 40, now that work on its DPOS product is complete.

A spokeswoman says: “At the beginning of next month we will have successfully completed a major new release and implementation of our DPOS product. This has been a two-year, multi-million-pound development programme. After the launch, we will no longer need to retain the team at current levels. We will be retaining a core team of around 40 people.

“Our model will be to focus on delivering and developing our existing products. We have invested significant sums over the last 12 months to ensure these are quick to deploy rather than requiring large implementation programmes each and every time, hence the need for fewer people.”


Cold-call ban for rentback sector

The FSA has set out new proposals that will ban “exploitative advertising and high-pressure sales techniques” in the sale and rentback market, including a ban on cold-calling. The proposals are due to come into effect on June 30, 2010.

Sipp roads

Following the publication of the FSA’s thematic review of Sipp providers, is the playing field being tipped in favour of the biggest providers? Or do small, specialist Sipp providers still have a valuable role to play?

Mark Page: why my biggest overweight stock is a discount Spanish retailer

Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]


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