LONDON (ShareCast) - Xansa was today’s biggest riser after the outsourcing and IT group confirmed it is in advanced bid talks.
Market rumours have suggested a number of possible bidders, with France's Cap Gemini one name mentioned, but it declined to make any comment.
Xansa is looking for new chief executive to replace Alistair Cox who recently left the group to take up a similar position at Hays. Non-executive chairman Bill Alexander is acting as temporary chief executive.
Today’s biggest faller, Robotic Technology, plunged as it said trading has been weak in the first half of the year and pre-exceptional operating results for 2007 will be lower than market expectations.
Trading conditions in the core markets of the RTS Life Science business, driven mainly by the weakness of the dollar, are expected to remain difficult for the rest of the year. Prospects in RTS Flexible Systems are “encouraging” for the rest of the year, it added.
