Summary
West Midlands-based software firm Misys is taking action to iron out the banking business problems which had undermined its ability to increase half-year profits.
Misys, based at Evesham, Worcestershire, yesterday unveiled plans to merge its wholesale and retail banking businesses in an effort to save up to pounds 15 million a year. The move is expected to hit a small number of management jobs.See the full content of this document
Extract
Misys Taking Bank Action
It follows a rocky period for Misys, which saw margins in its banking business fall to 11 per cent during the six months to the end of November - well below his...
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