** NEW RESEARCH ** UK SITS stocks down in 2016
Share prices of UK tech stocks had been moving more or less in line with the broader market as represented by the FTSE Index for the first half of 2016, but some very large M&A transactions in Q3 lifted the tech indices during this period before easing back in the final quarter. There were 15 additions to the sector and nine departures during 2016 making a net increase of six companies in the year. Despite the double digit gains of stocks in the sector, the aggregate value of UK listed SITS companies fell 7% in the year from £28.1b to £26.2b.
This report presents our annual review of the share price performance UK quoted software and IT services companies in context of international peers.