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Misys buys US business systems firm

Misys continues its programme of expansion with its £288m acquisition

of US healthcare business systems provider Sunquest in a deal that places

its purchase of DBS last week firmly in perspec-tive. Misys also closed

down its Screentrade and fledgling TheFormula consumer retail operations,

ending the company&#39s retail ambitions, while its IFA Services arm launched

an interactive online mortgage service for network members.


Emerging market volatility highlighted

Emerging markets have proved a volatile investment sector over recent years, according to a report from Standard & Poor&#39s.The report shows the value shares in the S&P composite index of global emerging markets fell by 20 per cent in 1998, rose by 62 per cent in 1999 and then fell by 30 per cent in […]

McDonald&#39s chooses Invesco for stakeholder

Invesco has been appointed as stakeholder pension provider by McDonalds Restaurants.Consultants Watson Wyatt acted as consultant in the selection of the scheme. Invesco Pensions chief executive David Butcher says: “We are delighted to be associated with one of the biggest brands in the world. We were chosen for our investment options, our experience on communications […]

Sandler adds fuel to review worries

Ron Sandler, the head of the Treasury investigation into the retailinvestments, has stoked IFA fears about his review by claiming distributionhas an inbuilt ambiguity. In an interview in the Sun-day Times, Sandler said there is prima facieevidence that unit trust charges are high and acknowledged the high levelof concern about with-profits. His comments suggest that […]

AMP buys Towry Law

Australian insurance giant has announced its offer to buy national IFA Towry Law.As exclusively revealed by Money Marketing on March 30, the £75.8m offer by the international financial services company AMP values each of Towry Law&#39s shares at 180 pence.AMP says following the proposed acquisition Towry Law will continue to operate under its own brand […]


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