The Accountancy Age/ADVFN index continued merrily on its way south, touching 76.25 by the end of the week. The FTSE 100 closed at 96.43, down but by no means out.
ITNet, Logica and Xansa led the charge south of the border – Logica dropped 47.5 points, and Xansa fell 16 points a week before publishing its interim results. Capita was the notable exception, which benefited from a ‘buy’ note from analysts at Merrill Lynch who are anticipating an upbeat statement at the business services company at its agm next week.
This reflected the beginning of Capita’s contract with the Criminal Records Bureau last month, which the broker believed could add around £20m to sales, and a further contract with the BBC due to start in July which could bring in about £50m a year.
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