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Monday, October 20, 2014

Takeover Digest- British Business - Oct 21, (NYSE: GIB)

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The TimesSIGNALS OF DECLINE MOUNT FOR RAIL ROUTE The TransPennine Express is a microcosm of the British railway industry, at once enjoying unprecedented growth but with old, overcrowded trains that create a bar to economic progress. It is the railway that lives up to only half its name. Its core route is transporting people across the Pennines between Leeds and Manchester, but it does so at non-express average speeds of 40mph. ( CGI EXPANSION GIVES WALES HIGH-TECH JOBS BOOST The burgeoning Welsh high-tech sector is set for a major boost after CGI Group Inc, the Canadian company that bought Logica, announced plans to create 620 skilled jobs in south Wales. CGI, which is the largest tech employer in the region with 900 employees, has announced plans to create hundreds of positions over the next five years after receiving a 3.2 million pound grant from the Welsh Government. (

CGI Group Inc. (CGI) provides information technology (IT) consulting, systems integration, IT outsourcing and business solutions. Shares of GIB fell by 2.53% or $-0.85/share to $32.79. In the past year, the shares have traded as low as $29.40 and as high as $39.47. On average, 181855 shares of GIB exchange hands on a given day and today's volume is recorded at 474422.