Xchanging aims for fight-back in 2012

Outsourcing firm Xchanging underlined unveiled better than expected profits for 2011.

Outsourcing firm Xchanging underlined unveiled better than expected profits for 2011.

The company, which provides back office functions like invoice payments and procurement and counts the London Metals Exchange and Gatwick Airport as clients, once traded above 300p per share but a couple of profit warnings and a board room reshuffle saw its shares slump to double-digit status last year, though 2012 has been much kinder to the share price.

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