Business Week - Stocks rebound.
Accountancy-related shares rebounded this week as two new companies made their debut on the Accountancy Age/ADVFN index, writes Adriana Zea.
Shares for accounting software provider Xansa and personnel recruitment company Michael Page have entered the index, replacing QSP, which was suspended last month and is currently in receivership, and Sema, which delisted in the summer after being bought by technology services company Schlumberger.
The revamped index rose this week from 69.92 points to 73.12 points, as the FTSE-100 had a bumpy ride this week, before the benchmark index closed slightly lower at 94.16.
Xansa debuted with a 5% rise. Two days prior to its starring on the index, the company was given a ‘buy’ recommendation by the Bank of America. The broker said Xansa will benefit from outsourcing its business processes amid the current IT spending downturn. Earlier this month, British Telecommunications outsourced key accounting and financial services to the company.
But accountancy recruitment specialist Michael Page began its first week on the index down 5p or 4%. Mysis was the index’s highest climber, jumping 20%. The company’s shares rose steadily after two brokers added the stock to their European and UK focus groups and created two businesses to focus on global asset management and securities trading markets software.
– For real-time shares information, tools and education for private investors, go to www.advfn.com
– For more business news and company profiles, go to www.accountancyage.com.
The numbers you crunch tell a story. Your expertis...
23yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article