Falls despite confidence
10 September 2012
Share prices in the sector have continued to stagnate or plunge, reflecting the unsettled market conditions.
Share prices in the sector have continued to stagnate or plunge, reflecting the unsettled market conditions. Network Group's share price remained unchanged at 35.5p despite announcing that it had acquired a majority stake in Executive Network for an undisclosed sum. SThree's share price fell 3p despite releasing a trading statement which said it anticipates gross profit being around £178m for the year, an annual increase of 31%. Hexagon Human Capital saw its share price rise 1p in the past fortnight which saw it report a pre-tax profit of £1.05m for the six months ended 30 September 2007, compared to a loss of £300,000 in 2006. Its net fee income was £10.2m in the period, compared to £9.0m in 2006. Meanwhile Prime People's shares rose by 1.5p as it reported a 31% increase in pre-tax profit to £1.02m for the six months to 30 September 2007, compared to £0.78m in 2006. Its net fee income rose 45% to £7.1m in the period, compared to £4.9m in 2006. And Capita saw its share price soar by 81.5p as it released a positive and confident trading update.
