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Anglo-Dutch IT services group Logica remained downbeat on the outlook for technology spending, particularly in the financial services and telecoms sectors, as its customers fret about Europe's economies. Read More

Furthermore, despite the tough news for shareholders, Logica is looking at what it needs to do to keep the IM business competitive. Read More

The chief executive Andy Green and Seamus Keating, the former head of Benelux operations who quit the board last week, asked to forgo their long-term bonuses "given the impact of the restructuring announcement on people and shareholders". Read More

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