1430: With Computacenter shares right atop their 200-day moving average, Credit Suisse has revised its target price for the shares higher from 1,300p to 1,380p, albeit noting how the company had already pre-announced its full-year figures. CS also point out that progress at the company will be held back by upcoming contract renewals - which tend to result in lower short-term profitability - and some isolated contract losses. "However, all industry news-flow suggests robust trading should continue.
Hiring confidence among British companies has reached its highest level in more than a year and recruitment is set to pick up as businesses shrug off downbeat economic projections, according to a closely watched study. Low unemployment and strong demand for more workers means companies are increasingly forced to pay joining bonuses of 15pc or 20pc of salaries to entice new recruits. The poll of 2,102 employers across nine different industry sectors by the recruitment firm ManpowerGroup is used by the Bank of England as an early indicator for changes in the jobs market.