Virgin Money preparing for IPO after appointment and profits quadruple

Sir Richard Branson and the US billionaire he bought Northern Rock from the government with are preparing to float the operation, rebranded as Virgin Money, in a move that could value it at up to £2bn.

Canada's CGI to buy Logica to create global IT firm

LONDON/TORONTO (Reuters) - Canada's top IT services firm, CGI Group Inc, agreed to buy larger Anglo-Dutch rival Logica Plc for $2.64 billion on Thursday, a move that more than doubles its size and helps serve multinational clients in Europe.