Logica cuts full-year growth

IT services provider Logica yesterday cut its full-year growth forecasts as it posted third-quarter results still hampered by weakness in the Benelux region. The Anglo-Dutch company, which competes with Capgemini and Atos Origin, said the group had improved in Britain and its outsourcing division continued to perform strongly. But the weakness in the Benelux region showed little signs of improvement, with revenue down three per cent in the first nine months of the year, sending shares in the group down seven per cent.