Share indices in the week to 4 May 2001
Quiet achiever PROWTING last week snatched a bit of the limelight thanks to a strong set of results.

The housebuilder's share price rose 8.5% on the strength of pre-tax profit of £27.5m for the year to February, up 14% on the previous year.

Prowting's shares started the week at 147p but by Friday had risen to 159.5p – just 2p off its year high.

As one analyst said: "Prowting is a medium-sized housebuilder with a grip on regional housing and land markets, offering superior quality and customer service. … the shares are very cheap." Prowting's pre-tax profit is forecast to hit £31m next year and about £40m by 2004.

Other winners were WS ATKINS (up 8.5% to 810p), WILSON CONNOLLY (up 7.4% to 194p), BERKELEY (up 7% to 847.5p) and WILSON BOWDEN (up 6.4% to 785p).

BIRSE fell 13.6% to 9.5p, LAING dropped 6% to 483.5p and AMEC finished the week 3.8% lower at 464p.

Amec chief executive Peter Mason was this week bullish about the company's outlook, despite missing out on winning preferred bidder status for the lucrative Tube contracts (page 15).

Amey, which is a preferred bidder, said the deal was a "material step" in the group's progress.