LIFE INSURANCE and pensions software firm Marlborough Stirling yesterday announced the firm was up "for sale" and warned its recovery is taking longer than expected, says the Guardian.
Similarly, Paul Fullagar, who became chairman only three months ago, is quitting "as a result of the increased demands arising from the change of strategy" and having warned revenue will be less than expected this year. “Given this degree of short-term uncertainty, the board has concluded that shareholder value is likely to be optimised by pursuing joint venture or sale processes for some or all of the constituent parts of the group," the Guardian quotes Marlborough Stirling as saying. MARLBOROUGH seems to have upset institutional investors in the process, as the Times quotes several ...
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