Misys has scrapped plans to IPO, blaming market conditions. Earlier this month, the UK banking software vendor announced its intention to returned to the London Stock Exchange four years after it was bought by a private equity firm, Vista Equity Partners, for £1.3bn. In a terse note the company claimed "encouraging …

Japanese giant Fujitsu is to yank its shares from the London Stock Exchange in a move that will help it cuts costs and which recognises the shifting sands in global financial markets. The application to delist common stock and European Depository Receipts* from the Official List of the UK Listing Authority**, as well to cancel …

A study by the London School of Economics and Political Science has found that media companies are overstating their losses to piracy, that policies to cut off internet users for copyright infringement don't work, and finds that those industry sectors that have embraced digital sharing are growing as a result. "Neither the …

Phoenix IT Group has appointed industry veteran and former Fujitsu Services UK boss Dave Courtley as CEO replacing current incumbent Nick Robinson who is set to retire later this month. Robinson hangs up his boots on 28 July after 18 years at the LSE listed IT services players, with Courtley, former UK boss at Fujitsu Services …

Trading has restarted on the London Stock Exchange this afternoon after a systems failure closed it for business this morning. At 8.03am the market was paused as technical problems became clear, by 8.33am trading was halted - see our story here. Continuous trading restarted at 12.15pm this afternoon. The LSE said it had …

The London Stock Exchange is currently closed thanks to the failure of its trading platform. Technically it's in a "halt phase" meaning orders can be cancelled but new orders cannot be made, nor can automatic trading happen. At 8.03 this morning the market was paused as technical problems became clear, by 8.33am trading was …

The London Stock Exchange suffered a second day of problems yesterday as its new trading platform struggled to function again. On Tuesday the market failed to close correctly, causing confusion over closing prices for brokers and traders. Yesterday the MillenniumIT system displayed zeroes against some bid and ask prices, …

British children are spending too much time online and admit it - to researchers, if not to their parents. One in five confess to staying up too late, and missing dinners to hang out on the net. And more than half say they spend less time on family, friends or school work because of the internet. These are some of the …

The London Stock Exchange is investigating a suspected sabotage after a trading platform was crippled for two hours. The outage hit the Turquoise system yesterday. "Investigations... have revealed that human error was to blame for the disruption that began at 0823am this morning," the LSE said in a statement. "Preliminary …

CommentIncoming Xiotech CEO Alan Atkinson has replaced Xiotech's head marketeer with an IBM recruit. Xiotech is the vendor that made a huge marketing noise in 2008 about its Emprise modular array consisting of sealed canisters of drives, with Intelligent Storage Elements (ISEs) being used instead of Xyratex, LSI or Dot Hill-sourced …

The massive increase in government IT spending under New Labour has had no impact on the productivity of the public sector, a new analysis reveals. Work by Jerry Fishenden, who was until recently Microsoft's national technology officer for the UK and is now a visiting senior fellow at the London School of Economics, shows that …

CommentThe farce of the London Stock Exchange not only crashing but failing to get its systems up and running again should surprise no one. Well, no one except LSE boss Clara Furse, who demonstrates little understanding that technology is crucial to her business. I’ve worked for members of the London Stock Exchange and everyone …

The London Stock Exchange restored full connectivity today at four o'clock - just half an hour before the scheduled close. A spokeswoman for LSE said: "Trading resumed at four o'clock and we will close as normal at 4.30. We work with a number of suppliers so cannot speculate at this stage as to what caused the problems." …

The Identity and Passport Service has claimed its identity card scheme is not "out of control", as the London School of Economics claims, but is being built on "uncertain" sands. In an argument for "common sense" criticism of complex government IT projects, the IPS claimed that its cost estimates were likely to change with time …