The sector mainly reflects business services provided by specialised firms to others. They may, for instance provide support services to businesses, such as office administration, hiring and placing of personnel, legal services (a newish segment in the quoted arena), accounting, design, printing, security services, travel arrangement, cleaning, and waste disposal.
It is a sector which generally responds positively to a supportive economic environment. However, while there are some strong businesses, there have been some well-publicised negative performances as some firms faced notable challenges.
Denese has spent over 20 years in equities roles, holding senior positions at Dresdner Kleinwort Wasserstein and Bank of America Merrill Lynch, covering the Leisure and Consumer sectors. Prior to her time in the City, Denese qualified as a chartered accountant with PwC. She is also involved in real estate investments, and owns a property management company.
Dan has over 15 years equity research experience in the Technology and Telecoms sectors. Dan joined Progressive from a partner position at Arete Research, and prior to this held analyst positions at Ovum, Deutsche Bank, Seymour Pierce and Teathers.