Shares digital

The unexpected departure of chief operating officer Mike Shinya saw shares in Micro Focus (MCRO) marked down by 4% to 235p earlier this week. No reasons were given for Shinya’s exit after just 18 months in the post, but the loss of a senior manager could affect the firm’s pipeline, particularly given the potential impact of the credit crunch and US economic weakness on global IT spending.

Shares says: Creates unwelcome uncertainty at a very well run company. RM