Data firm FD Technologies shares soar after First Derivative sale
Shares in specialist software and consultancy outfit FD Technologies (FDP:AIM) have already surged in 2024 and got a further boost on confirmation of the sale of its First Derivative business to US software giant EPAM Systems (EPAM:NYSE) for £230 million.Proceeds of the sale will be used to repay £20 million net debt, the company said, and excess cash will be returned to shareholders.The divestm