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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yet
The chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry