Chipmaker Wolfson Microelectronics said on Monday it had picked Motorola Inc's Mike Hickey as its new chief executive to replace Dave Shrigley, who is stepping down for personal reasons.

Shares in Infosys Technologies rose more than 2 percent in a weak Mumbai market on Tuesday after India's second-largest software services exporter agreed to buy a British technology firm.

Hewlett-Packard results beat Wall Street targets as net profit rose 14 percent, subduing fears that slowing economies and a stronger dollar would weaken the world's biggest computer and printer maker and its rivals.

IT group Logica said first half revenue rose 6 percent to 1.77 billion pounds, after a good performance in all markets and it upped its full-year revenue growth forecast to 4 percent from 3 percent.

Testing and inspections company Intertek Group posted a 20.1 percent rise in first half profit on Monday and said it expected to perform strongly in the remainder of the year.

Apple Inc said on Monday that it had record results in the third quarter of 2008. The technology firm that brought the world the iPod and iPhone said that its third quarter revenue was $7.46 billion, up 38 per cent compared to the previous year. Net profit at the company in the third quarter was $1....

On Wednesday Sir Alan Sugar stepped down from his role as chairman of Amstrad.

The European Commission (EC) has granted permission for US IT firm Avnet to buy Irish company, Horizon Technology Group.

Adobe Systems has said its profits rose 41 per cent in the second quarter due to strong demand from international markets. Sales in the US however were reported as being flat.

When Yahoo turned down the latest offer from Microsoft this week, it walked away from $9 billion (4.6 billion pounds) in cash and $1 billion a year in additional operating profit, Microsoft said on Friday.

Support services firm Babcock International Group Plc, said on Tuesday that it had delivered record results, with strong organic growth and benefits from strategic acquisitions, in the full year ended 31 March.

Microsoft's deadline for Yahoo to accept its takeover bid expired on Sunday. Microsoft said that if Yahoo failed to accept its $44.6 billion takeover offer by 27 April 2008, then it would launch a hostile takeover bid at a lower price.

Logica Plc, the IT services company said that it would be axing around 1,300 jobs in a £110 million restructuring programme. The company said it expected the restructuring to deliver cost savings reaching an annualised amount of £80 million from 2010.

RM Plc has said that the London Borough of Newham has chosen it to be the ICT supplier for its Building Schools for the Future (BSF) programme, which covers 15 schools in the borough.

Software firm Sage Group Plc has said that it is on track to meet analyst forecasts for this year.

Investment company 3i Infrastructure said on Tuesday it was on track to meet the targets it had set at the time of its initial public offering (IPO) in March last year.

IT services firm Logica said on Wednesday it had appointed Cable & Wireless director Craig Boundy as its head of global operations.

Microsoft Corp is evaluating its bid for Yahoo Inc because the Internet company may have lost value since Microsoft made its offer, people familiar with the matter said on Friday.

Wolfson Microelectronics has reported "solid progress" in 2007, with revenue up 13.5 per cent on 2006. However the company has also said that it would be reducing internal forecasts for 2008 in the face of macro-economic concerns.