London — UK software company Sage Group has concluded a review of its global payments business and has put its US arm up for sale. Sage confirmed that US division Sage Payment Solutions, which helps merchants process and manage card and mobile payments, is now classified as an asset held for sale and a discontinued operation, in a trading statement Wednesday. It added the UK and Ireland and South African payments businesses would remain part of the group. The company is also monitoring the knock-on effects from the UK’s exit from the European Union, as the UK government seeks to cut annual net immigration from near record levels. "We’d love to be able to fish in a much bigger pond," said CEO Stephen Kelly said in an interview with Bloomberg Television. "We’d love to get Indian, Chinese, and American talent, and that’s much more difficult in the current environment." Shares of Sage were up 2% at 698p before midday in London after gaining as much as 4.5%, the biggest jump in 10 months...
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