Softcat (SCT) chief executive Martin Hellawell is popular among shareholders, it seems. Shares in the software provider dipped as much as 7 per cent to 417p after the board announced that Mr Hellawell - who has had the top job for 11 years - would be stepping down once a successor is in place. He will remain at the company as non-executive chairman.
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Management revealed that demand remained robust during the three months to April, while costs were also managed well. It confirmed that trading was in line with expectations, and that the business had experienced no change in market dynamics as a result of the referendum or upcoming general election.
