Kevin Lomax, founder of IFA network owner Misys, is facing an embarrassing showdown as investors plan to vote against his re-election to the board at next week's annual meeting, reports the Guardian .
Ivan Martin, the former head of the Misys banking software division, walked away from the company last year with a near £1m pay-off, reports the Independent .
MISYS, THE embattled software provider which is in the middle of takeover talks, reported a 36% plunge in profits last year, reports The Daily Telegraph .
Misys is moving to the next stage of a potential takeover after receiving several offers for the financial services company.
Resolution is raising £1.55bn through a rights issue to fund its £3.6bn acquisition of Abbey's life insurance businesses, reports the Telegraph.
FORMER MISYS DIRECTORS have put forward proposals to make a rival "management walk-in" bid for the software and financial services firm against those being pursued by the existing management team, according to the Guardian .
Misys has pulled out of talks which would have seen Sesame, the IFA support services firm and networks, sold to a new owner.
IFA NETWORK owner Misys is parting company with the head of its banking systems, Ivan Martin, "by mutual agreement" - three months after issuing a shock profits warning that sent its shares tumbling and enraged its investors, according to The Times ....
MISYS, the IFA network owner, capitulated to shareholder pressure yesterday and announced plans for an independent chairman three years earlier than expected, according to this morning's papers.
EQUITABLE LIFE gave policyholders a much-needed boost yesterday by increasing their bonuses and arguing the society was £166m stronger than last year, according to this morning's papers.