PracticeConsultingBusiness Week – Tech gloom deepens.

Business Week - Tech gloom deepens.

Accountancy-related stocks have begun to recover from recent lows but are lagging behind growth among other stocks in the FTSE-100 index, according to the Accountancy Age/ADVFN share index, writes Damian Wild.

The index finished last Thursday on 94.35 points after dipping at the beginning of that week. Meanwhile the FTSE-100 finished at 106.74 points, compared to its standing at the time of the Accountancy Age index’s launch last month.

Recruitment stocks Hays and Reed continued to shore up the index finishing last Thursday at 289p and 190.5p. However Robert Walters was down slightly at 150.5p.

There was gloom elsewhere. Business services companies Capita and Itnet lost ground. Capita shed 10p over the course of the week to 435p while Itnet was steady at 220p.

But it was technology-related shares that did most to wipe out the recruiters’ gains. Logica slid to #8.82 – it stood at #10.76 last month. Sage was down 7.25p on the week at 242.75p.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

2m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

8m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

9m Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

10m Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

10m Stephanie Wix, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

9m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

9m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

9m Kevin Reed, Writer