Patsystems shares hit by profit warning

09 Jun 2008

Patsystems’ share price slumped by around 30% after saying that it expects its half year profits to be lower than anticipated as a result of the “international disruption in the banking sector”.

The AIM-listed software provider said new business...

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[Patsystems]
[derivatives]

“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.

Patsystems shares hit by profit warning

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