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.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel