PRESS DIGEST - Financial Times - April 17 =6
Ian Jones, director of investment at Cordea Savills, said of the Turkish market: "There is a dramatic shortage of quality stock in all sectors and strong demand from some household name companies for retail outlets".
MICROGEN ENDS SCISYS TALKS
Microgen (MCGN.L: Quote, Profile, Research, Stock Buzz), the information management software group, has withdrawn from takeover talks with SciSys (SSY.L: Quote, Profile, Research, Stock Buzz), the IT consultancy in which it has built up a 12.9 percent stake making it the third-largest shareholder.
Microgen said it was still interested in working with SciSys, which said that although Microgen's proposal was not in shareholders' best interests it looked forward "to further positive collaboration on joint projects".
Shares in Microgen closed unchanged at 47.5 pence, while SciSys's shares closed down seven pence at 43 pence. Prepared for Reuters by Durrants ($1=1.011 Canadian Dollar)
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