German aid for Computacenter

International expansion, with particularly strong growth in Germany, has helped IT services provider Computacenter boost its group revenue by seven per cent in the face of a challenging year in the UK. The company reported net cash of £111.5m – an increase of half a million pounds – despite having spent £29m on three acquisitions and £11m on a major property for its recycling business this year. On news of this trading report, shares jumped six per cent to close at 360p, giving the company a market cap of £521.6m.