Misys says its performance is in line with expectations ahead of its full year results.
In a trading statement issued today, executive chairman Kevin Lomax says overall group revenues are expected to be down 10 per cent on last year.
He says: “Misys' performance as a group is in line with expectations. In Sesame there are signs that the environment may be improving, but we are also investing in the delivery of new market offerings ahead of the various regulatory changes expected at the turn of the current calendar year.”
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Preparing for an all-passive world
Despite being around since the 1970s, index tracker funds did not have much love from investors until a decade ago, when Lehman Brothers crashed along with many people’s faith in financiers. The popularity of passive funds grew steadily and they went from a negligible market share at the beginning of the millennium to making up […]
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