Wednesday, 18 July 2007


I thought the 9% dive in LogicaCMG's H1 revenue was a bit steep and certainly gave me cause for concern.

I note that Jim McKenna has been appointed acting CEO when Martin Read steps down in Sept. Safe pair of hands. But why is it taking so long to find Read's replacement? "News on the Street" tends to discount any of the IT services heavyweights we have mentioned getting the job. Apparently, wouldn't go down well with the City. Much more likely to be someone from outside the IT sector - we are told.

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