Share indices in the week to 9 March 2001
Support services convert Amey, which has enjoyed a tremendous rise in share value over the past year, suffered a slap on the wrist from analysts this week over its accounting methods.
The City thinks its strategy of capitalising bid costs for PFI projects, even though the contracts haven't been awarded, overstates profit. Amey's share price fell 6p to 420p and with its numbers out next week, it will be interesting to see how the City reacts.
Over in contracting, Mowlem must have thought that it was doing well when its share price jumped 6p after it announced its results.
But as soon as analysts had waded through the books, the price fell 6p to 145p.
