PRESS DIGEST - Financial Times - April 18 =6
Further evidence of buoyancy in the IT recruitment sector emerged on Thursday with Harvey Nash (HARV.L), the IT recruitment consultancy, reporting good results for 2007 and "robust" trading for the first two months of this year.
Revenues for the year to Jan. 31 rose 27 percent to 318.6 million pounds, pre-tax profits were up 31 percent to 7.6 million pounds and earnings per share rose 19 percent to 7.54 pence.
Albert Ellis, chief executive, said: "There's a disconnect in perception at the moment. The City is far more pessimistic about jobs than IT recruiters."
The shares closed up 2.5 pence at 39.75 pence.
TRIPLEARC AGREES 12.4 MILLION POUND OFFER
TripleArc TPA.L, the online print procurement company, looks on the verge of selling itself to Office2office (OFF.L) after both boards recommended an offer of six pence a share, a premium of about 135 percent to Tuesday's closing price, valuing the company at 12.4 million pounds.
The offer had already received the backing of 33.48 percent of TripleArc's investors, the companies said in a joint statement. Shares in TripleArc rose 0.97 pence to 5.65 pence, while Office2office's shares closed up 0.75 pence at 162 pence.
