Fidessa, the software provider focused on the financial community, reckons things will remain tough for its clients for some time, and expects some of them to leave the market altogether.
Despite the challenging conditions that have persisted within the financial markets, Fidessa continued to deliver growth during the first quarter of 2012. Progress has been made across the regions, particularly with larger customers as they seek strategic partners with scale, vision and resource to support their broadening needs.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
-
Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
