By Aled Herbert, 2 November 2001 08:00
NEWS IT services firm Xansa is taking a £4m restructuring charge after sales in its Business Change division dried up. Xansa, formerly known as the FI Group, said sales in Business Change had plummeted since last year, when it represented 21 per cent of the company's revenues, the Financial Times reports. The company won an outsourcing contract to handle BT's accounts department in October in a deal worth around £400m. Xansa's executive chairman insisted the news should not alarm investors. Xansa shares fell seven per cent in trading yesterday. The company blamed the restructuring on difficult market conditions.
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