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Businesses Delay IT Spending on Economic Fears: The London Rush

Kin and Carta, an IT services company, is facing a big problem. Uncertainty within businesses regarding the wider economic environment is making them hold off on larger spends, in an effort to preserve cash. For Kin and Carta, whose market capitalization is just £127 million ($157 million), that means a typical acceleration of sales in the second half of the year hasn’t materialized, forcing it to cut the full-year outlook this morning.

Here’s the key business news from London this morning: