The index reached an all-time high of 106.89 points on 2 May but settled to 104.96 points. This contrasted with the benchmark FTSE-100 that rose at the beginning of the week, but lost ground, closing at 106.7286 points, down 1.9 points on last week’s close.
IT consultancy Logica led this week’s winners, gaining 14% after an upgrade at the end of last week from analysts at Goldman Sachs. The analysts increased their recommendation of Logica from ‘market performer’ to ‘trading buy’, saying the company’s provides a ‘relatively safe haven’ in a volatile market.
In second place was recruitment firm Robert Walters, which ended its losing streak by gaining 12% on last week’s close. Its shares jumped 6% last Thursday morning after the company announced its intention to list 2.4 million additional shares.
Sema’s shares remained relatively static, despite the resignation of three of its directors and the loss of Deutsche Bank as an important and prominent shareholder.
ITNET continued its losing streak, falling 4% followed by Reed Executive, which fell 3% having gained 22% last week.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice