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Xchanging moves on

TIP UPDATE: The risks still outweigh the potential rewards at Xchanging
May 18, 2011

Troubled business process outsourcing firm Xchanging has said its restructuring programme has got off to a good start.

IC TIP: Sell at 83p

Still, there are many challenges ahead for the group as it attempts to get its house in order and a question mark remains over its ability to win new business.

What we said:

Price: 81p

When: 11 March 2011

Tip performance to date: -2%