The Woking-based manufacturer said DBay had made three takeover approaches for the firm in the past three months, which had been rejected.

A senior UK economist said house prices have remained subdued but are likely to continue rising slowly

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Former Microsoft UK head Cindy Rose is leading turnaround efforts after taking over from ex-chief executive Mark Read last month.

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The group said so-called conditional dealings launched on October 30 would see shares priced at 370p each – in the middle of its expected range.

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The Capture system pre-dated the now infamous Horizon software, which has been responsible for around 1,000 wrongful convictions.

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The UK’s independent fiscal watchdog has reportedly cut its productivity forecast, deepening the challenging facing the Chancellor.

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The retailer slashed its profit outlook in August after discovering it had overstated trading profits in North America by about £30 million.

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All main global operations are understood to be impacted, with the UK among those to see office roles axed.

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