Behind Monday’s headlines of Misys’s board accepting a £1.27bn cash bid from Vista Equity Partners, the perennial takeover target also updated the market on recent trading – and the figures were not exactly glowing.

Third-quarter revenues fell by 12 per cent year-on-year fall to £89m, which the London-based group attributed to customers procrastinating over software licence purchases. Read more

Last month Mark Thompson, the BBC’s director-general, pointed the finger at the Iranian authorities for allegedly intimidating employees at its Persian service.

Now the corporation’s chief is taking things a step further by accusing Iran of masterminding a “sophisticated cyber-attack” that involved jamming satellite feeds in an effort to wreak havoc with broadcasts into the country. Read more