Sage rises as SAP executive signals new acquisitions
According to the co-chief executive of German software company SAP, Jim Hagemann, the firm could make more acquisitions, Sueddeutsche Zeitung is reporting.
According to the co-chief executive of German software company SAP, Jim Hagemann, the firm could make more acquisitions, Sueddeutsche Zeitung is reporting.
More specifically, he added that the company wants to fuel its long term growth two-thirds by means of internal expansion and one-third through acquisitions. That as acquisitions help the company to enter new business fields and secure the company's future.
While it is hard to be certain the above report may be the reason why shares of British software outfit Sage are now the second best performer on the top share index.
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
As of 15:00 Sage is rising by 0.9% to 304.1p in London trading.
AB
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published