News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Adecco shares rally despite double downgrade

Bosses distance the group from Parmalat scandal in Italy

Investors rallied behind shares in Adecco, the Switzerland-based temporary staff group whose auditors have discovered possible accounting irregularities, despite a double ratings downgrade in New York late on Monday.

The company's share price recovery was aided by bullish comments from Adecco executives in response to analyst enquiries about the potential accounting problems.

WSJ Logo