The Accountancy Age/ADVFN index closed the week at 74.21, down 3.2 points on last week while the benchmark FTSE-100 skidded to end the week at 94.90.
The biggest drop was experienced by ITNet, which fell 16% over the week.
Its stock jumped slightly after news that it had sealed a four-year #18m deal with service provider Synstar, but investors are still worried about an announcement two weeks earlier in which the company trimmed its current year’s forecasts.
Misys was down 8% along with other blue-chip technology stocks as investors got the jitters as the Enron crisis caused technology stocks worldwide to slip into the red. Xansa followed the same fate. Shares slumped after rumours that broker Goldman Sachs placed 26.3 million shares in the software group.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars