Stockwatch

The week's winners
Highway up 10.5%
Beazley up 5.6%

The week's losers
JLT down 3.6%
Aon down 2.8%

Trenwick's departure from the liability market may have sent hearts sinking among brokers fighting to find capacity in a dwindling market, but investors are returning to the stock.

Despite the fact that, as Insurance Times went to press, the company was still in talks with its creditors, hammering out funding for next year's underwriting at Lloyd's, the share has been rising steadily.

From last week's position at less than a dollar, the share was at $1.75 on Tuesday having put on 11.46% on Monday and 27.6% on Friday.

Misys has been growing strongly in recent weeks. Commerzbank tipped it as a share to accumulate on 11 November.

It reached 240p by Tuesday, although it was slipping back to 220p by the end of the day.

Analyst Ashley Thomas set a target price of 230p when the stock was at 204p and said a stock buyback plan could boost earnings per share by about 7%.

The company has ploughed £10.9m into buying up about six million shares at an average price of 187p.

Thomas wrote that the IT group's move to buy back shares "mark a significant shift in management attitude towards shareholder returns that should benefit the shares."

An update on first half trading is expected soon.