SDL International's chairman and chief executive has sold more than one-half of his stake in the content localisation technology company.
Mark Lancaster sold 750,000 shares at 540p a share. This raised £4.05m. Lancaster says that he sold the shares in order to finance the purchase of a property. He retains a 0.7% stake.
Gartner has published an annual update to its web content management research. This covers SDL. Gartner says that SDL's marketing lags behind the quality of the services it offers. Gartner adds that SDL is maintaining its innovative edge.
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KBC Peel Hunt upgraded its 2010 earnings per share forecast for SDL to 34.7p. This followed SDL's interims.
Interim revenues grew 13% to £94.5m, while underlying profits increased 12% to £16.3m.
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