SDL's full year loss widens

In the year to the end of December, the company, which specialises in content management and language translation software and services, said the pre-tax loss widened to £25.2m from £9.4m in 2014.

SDL booked an impairment of £33.3m and £5.8 in one-off costs related to the company's restructuring.

Revenue rose to £266.9m from £260.4m and the group proposed a dividend of 3.1p per share, up from 2.5p the previous year.

Executive chairman David Clayton said: "This is a solid achievement against a background of change within our business.

“Following a thorough operational review of the group's activities, the board has concluded that SDL should refocus around a language centric strategy, helping brands to manage, translate and deliver localised content on a global scale. As a consequence, we are now seeking to sell certain non-core elements of our business."

The company said it was now looking to sell its Fredhopper, Social Intelligence and Campaign & Analytics businesses, which it deemed to be non-core.

At 1230 GMT, SDL shares were down 4.5% to 413p.