Electrocomponents announced last week that it had seen modest sales growth during the first quarter of the financial year, although the domestic market proved a drag on performance.

The electronics group based at the Oxford Business Park posted underlying sales growth of one per cent during the three months to June 30 with UK sales slowing by three per cent.

E-commerce was the standout performer for the group, boasting turnover growth of six per cent.

Given the results were not particularly stand-out, shares dropped two per cent last Wednesday after the announcement.

This ground was recouped however and shares now trade at their pre-announcement levels above 250p.

International consultancy firm RPS was also in the spotlight last week, after it announced that it has bought Asia-Pacific ASA Pty (APASA) for up to £5.2m. APASA is an oceanographic consultancy firm that has extensive exposure to port and coastal development activities, as well as oil and gas exploration and marine emergencies. Investors did not react extensively to the news, as the Milton Park-based group continues to seek transactions in line with its current acquisition strategy and the management commented that it anticipates the completion of further transactions in the coming months.