BusinessCompany NewsMarkets positive following Enron verdicts

Markets positive following Enron verdicts

Wall Street ignores guilty verdict for Lay and Skilling

US stock markets were unfazed by the guilty verdicts handed down to Ken Lay
and Jeffrey Skilling yesterday.

The Dow industrials climbed up 51 points at 11,168, the Nasdaq Composite
improved by 16 points to 2,185 and the benchmark S&P 500 Index advanced 8
points to 1,267

Al Kugel, senior investment strategist at Atlantic Trust/Stein Roe was
reported by AFX as saying: It’s really regarded as ancient history. Most of us
figure it was well deserved and it just took a long time for it to come.’

Stephen Massocca, co-CEO of Pacific Growth Equities described the ruling as
‘ancient news’ saying it had no bearing on the stock market whatsoever

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4w Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

5m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

5m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

8m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

8m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

8m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

8m Emma Smith, Managing Editor