UP

Click to follow
The Independent Online
Misys, which supplies software solutions to industry, soared 9 per cent last week to 3,696 pence. The company, launched on the exchange a decade ago, replaced Energy Group in the FT-SE 100 Index last week, setting the stock as a must-have for institutional fund managers who track that index. Analysts at Credit Suisse First Boston had highlighted the likelihood of the move into the premier stock division earlier this month before Energy Group's sell-out to US company Texas Utilities was announced as unconditional. Misys, whose shares have soared 120 per cent in six months, has a market capitalisation of pounds 4bn.

Copyright: IOS & Bloomberg

Comments