UK IT firms slip in/out of FTSE 100

Good news in retail sector, not so in consultancy

While Dixons was yesterday celebrating its return to the FTSE 100, it was a bleak and frustrating day for Misys and Sema, who were both squeezed out of the top shares’ index. While the two prominent stocks prepared themselves for a period of bouncing in and out of the FTSE 100, Sage, the accounting software group, had its shares downgraded despite improved results. Sage proved successful at selling software packages to SMBs, yet its shares slipped due to disappointing organic growth. Misys was the first UK software company to enter the FTSE earlier this year. Sema, the Anglo-French reseller, joined three months ago. Dixons will rejoin the index on 21 December.®

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