London-listed consultants – an uncertain market
The quoted consultancies have outperformed the wider support services sector through 2010, with the offer for Scott Wilson Group and consolidation among non-quoted names acting as a lift on the share prices of most sector peers.
Depressed valuations and a favourable currency provided opportunity for international consultancies to acquire into the UK market M&A activity and more resilient trading conditions supported share prices through 2010 Consultancy shares have outperformed wider support services sector The market is cautious about the impact of public sector cuts on infrastructure spend Long-term drivers remain undiminished, signalling strong demand for...
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