BT have confirmed they will not be selling of its Global Service outsourcing arm in spite of shareholders pressure to offload business. It is thought BT had been discussing the sale of its Global Service raising around £10bn, this has raised questions on the future of the company. BT’s Global Services delivers IT to government services and corporations in more than 170 countries. The Global Services division has proved troublesome in the past with its rapid expansion resulting in two profit warnings in 2009.

IBM reducing its Indian-based Workforce