Misys to buy rival Sophis for £235m

Misys to buy rival Sophis for £235mMisys, the financial software provider, is about to purchase Irish rival Sophis for £235m with capital got from the disposal of Allscripts, its healthcare arm.

10 percent of the revenue got from the selling of Allscripts will be used to aid the financing of the deal.

The acquisition of Sophis puts the worth of the risk management software supplier to £375m, with also a net debt of £140m. This step is expected to make the Misys' treasury capital markets unit strong, and according to analysts this is supposed to be the most important part of its business.

Zooey Deschanel Likely To Star In Spider-Man 3D

Zooey Deschanel Likely To Star In Spider-Man 3DThe revived 'Spiderman' series has generated enough hype with its star cast alone. If rumors are to be believed, the latest addition to the cast of the film might be Zooey Deschanel. This 30-year-old star had previously worked with Marc Webb, also the director of the new 'Spiderman' movie, in '500 Days of Summer'. It has been reported that Webb is still in talks with Deschanel and nothing has been finalized yet.

RBS admits retail arm was a cash cow to fund acquisitions

RBS admits retail arm was a cash cow to fund acquisitionsRoyal Bank of Scotland head Brian Hartzer has alleged the bank’s former management of making use of the business as a “cash cow” for financing the remainder of the group’s increasing while he unveiled his plans of reducing further expenses.

RBS had gone into a huge growth spurt under the management of Sir Fred Goodwin following its acquisition of the NatWest in 2000, ending in the bad-lucked buying of ABN Amro in 2007.

I Still Find Brad To Be Sexy And Great Says Angelina Jolie

I Still Find Brad To Be Sexy And Great Says Angelina JolieAngelina Jolie and Brad Pitt surely know how to ignite passion even after being married for a long time with a half dozen children in tow. In the latest edition of 'Vogue', Angelina Jolie has expressed her undying love for Brad Pitt. Jolie remarked "I find him to be sexy and great" .

Construction growth revised down

Construction growth revised downThe economic growth of UK for the second quarter might get revised down from 1.2% after the Office for National Statistics (ONS) announced that the construction sector had faced a growth by less than what was anticipated.

The ONS told on Friday that keeping the other things equal, the reduction in the approximate quarter-on-quarter UK construction growth for the quarter ended June from 9.6% to 6.8% would reduce the rise in the overall gross domestic product for this duration by 0.2% of points.

Bigg Boss 4: What Did Khali Predict About Sara-Ali's Married Life?

Bigg Boss 4: What Did Khali Predict About Sara-Ali's Married Life?The much hyped wedding ceremony of television actors Sara Khan and Ali Merchant is over now with their family members attending the `nikaah' organized by Bigg Boss. The couple took the wedding vows on camera in the reality show and things seemed to go off quite smoothly. But now, here comes the twist.

Pages

News in Focus

Hindalco Industries Share Price Target at Rs 735: Kotak Institutional Equities

Hindalco Industries continues to demonstrate strategic resilience and operational superiority across its core verticals.

Interglobe Aviation (Indigo) Share Price Target at Rs 6,377: ICICI Securities

IndiGo’s Q4 FY25 results have reinforced investor optimism, prompting ICICI Securities to maintain its BUY call on InterGlobe Aviation with an upgraded target price of Rs. 6,377 (previously Rs.

Power Grid Corporation Share Price Target at Rs 361: ICICI Securities

Power Grid Corporation of India (PGCIL) has drawn a fresh vote of confidence from ICICI Securities, which has maintained its BUY rating with a 12-month target price of Rs 361, implying a potential

ITC Share Price Could Reach Rs 538: Prabhudas Lilladher Research

ITC Ltd has received an upgrade from Prabhudas Lilladher, with the research house elevating its rating to BUY and revising the target price to Rs 538 from the previous Rs 524.

IndusInd Bank Share Price Target at Rs 737: LKP Research Downgrades Stock

IndusInd Bank has encountered one of its most turbulent quarters in recent memory, and LKP Research has acted swiftly in response, slashing its rating to REDUCE and assigning a revised 12-month tar

Sun Pharmaceutical Share Price Target at Rs 2,000: Motilal Oswal Research

Motilal Oswal has reiterated a BUY recommendation on Sun Pharma, assigning a target price of Rs 2,000, implying a 16% upside from its current market price of Rs 1,719.