The Accountancy Age/ADVFN index finished the week at 79.41 points, up almost 8% on last week. The FTSE-100 was also up and closed the week out at 97.78 points increasing from last week’s 94.42 close.
Reed Executive was the index’s biggest winner, soaring 21% after competitor Michael Page delivered better than expected results, showing market watchers the UK recruitment market is not as low as was earlier feared. Robert Walters, which also specialises in accountancy recruitment, gained 14% on the news.
At second place was computer services company Misys, up 17%. According to analysts, Misys was caught up in the accounting issues scare that hit the city last week, and investors who were selling off shares were reversing their trends.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements