Sage soars despite tough times

British software giant Sage said it remained on track with trading despite the economic environment in the UK. The company, which sells software to more than 6m businesses, gained £200m after selling Sage Software Healthcare to Vista Equity Partners, and bought back 17.7m shares for £50m. Sage, which marked its 30th anniversary last year, revealed it had net cash of £149.8m against debt of £24.9m.