The AccountancyAge/ADVFN index lost a further 1.52 points falling to 66.80 point last week, its lowest mark since October of last year. The drop reflected the weakness in the benchmark FTSE-100, which dumped two technology high fliers on Wednesday and fell 3.44 points to end the week at 88.33 points.
And the beating is likely to continue after ‘black Friday’, as another telecoms scare and Andersen’s conviction for obstruction of justice further enhances investor fears.
Computer services star Logica was one victim of the FTSE demotion. Surprisingly, the company’s shares rallied temporarily on that day, ending the week only 1% lower.
The biggest fall was experienced by Xansa, which fell 10%.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016