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11 April, 2006 - 09:23 By Staff Reporter

Region's listed companies outperform FTSE 100

The top 50 companies in the East of England are currently outperforming the FTSE 100 according to a new share index launched by the East of England Development Agency.

The top 50 companies in the East of England are currently outperforming the FTSE 100 according to a new share index launched by the East of England Development Agency.

The EESI-50 (East of England Share Index) is the new forward-looking indicator of the region’s economy which provides an insight into the prospects of the region’s economy as a whole.

Between November 2005 and March 2006, the EESI-50 has outperformed the FTSE 100 by 3 per cent.

The current EESI-50 is dominated by technology and engineering companies from Cambridgeshire, and retail and service orientated firms from Hertfordshire and Essex.

The top five companies on the rise are: Paypoint (Herts), ITM Power (Cambs), Alizyme (Cambs), Amstrad (Essex), and Computacenter (Herts).

David Marlow, chief executive of EEDA, said: “What the EESI-50 shows us is how strong some parts of our economy have become and also that some of the world’s leading companies have set up in our region. Interestingly engineering and technology companies come up as both the strongest and weakest performers while retail and services cluster around the average.

“I believe the EESI-50 will become an important indicator showing what is happening in the region and show where the East of England lies in comparison with the rest of the UK. I will be watching with interest over the coming months to see who enters the index and how it continues to perform given the continued growth of our region.”

Companies on the radar are: Acambis; Air Music & Media; Alexon Group; Alizyme; Amino Technologies; Amstrad; ARM; Autonomy; AVEVA; AWG; CAT; Care UK; Computacenter; Countrywide; Domino Printing; Dsg International; e2v technologies; Easyjet; Emap; Gondola Holdings; Greene King; Highway Ins Hldgs; Huntleigh Technology; Ideal Shopping; Imagination Tech; Inspace; Intl Greetings; ITM Power; Kier Group; Ladbrokes; Majestic Wine; Medical Mktg Intl; Mothercare; MTL Instruments; nCipher; Nestor Healthcare; Northgate Info; Office2Office; Paypoint; Plasmon; Premier Foods; Pursuit Dynamics; Senior; Sterling Energy; Tesco; Top Ten Holdings; JDW Wetherspoon; Whitbread; Xaar; Yule Catto.

 

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