Logica has reported impressive new figures. The technology firm posted new orders totalling £1.057bn in the latest quarter, 23% of the 2011 record of £4.6bn.

Income was stable at 2011 level and the firm are on track to deliver 2012 objectives and complete their restructuring programme.

Andy Green, CEO, said: "This is a solid performance underpinning our full year guidance. We have made good progress with clients in delivering against current contracts as well as winning and implementing new business. Our restructuring actions are fully on track and will help drive improvement in profitability in the second half."