The Accountancy Age/ADVFN index fell 0.53 points to end the week at 70.73, slipping back to lows not seen since last month. And the FTSE-100 also saw red, closing at 95.80 points, down 1.35 points. Top loser was Misys, which fell 7% along with Logica, which dropped 3% after investment bank Goldman Sachs downgraded the entire European software stocks.
Hays lost 5% as the UK postal regulator had issued three more one-year interim postal service licences to competitors Securicor Omega Express, Datarun and London Underground. Michael Page also lost ground, dropping 2%, saying first quarter revenues would be £49.5m. Xansa continued its upward journey, gaining 4% after broker Schroeder Salomon Smith Barney upgraded the company on consolidation hopes.
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