3 Shares Set to Beat the FTSE Today
LONDON -- The big miners drove the FTSE 100 lower today after news that China is introducing measures to help cool an overheating property market raised fears of a further slowdown in demand for minerals and other commodities. The index of top U.K. shares is down 0.55% to 6,344 points as of 10 a.m. EST.
But with the index down, which shares are up? Here are three that have gained ground today.
Full-year results from Intertek Group sent the shares up 1.1% to 3,418 pence. The safety and product-testing experts recorded a 17% rise in revenue to 2.05 billion pounds, with an 8.6% growth in organic revenue at constant currency.
Adjusted earnings per share rose by 22% to 131.2 pence, enabling the full-year dividend to be lifted by a similar 22% to 41 pence per share for a yield of 1.2%. While that's unlikely to excite any income investors, earnings and dividends have been rising steadily year on year.
Distribution and outsourcing specialist Bunzl saw its shares boosted by 1.9% to 1,310 pence by the news that the firm is expanding into the Brazilian health-care market. Bunzl has acquired Sao Paulo-based Labor Import Comercial Importadora Exportadora, which supplies and distributes medical consumables.
Today's rise has topped an excellent start to 2013 for Bunzl: The share price has soared by 30% since the end of December. That comes after years of steady earnings and dividend growth, and there is more expected this year and next -- though the recent rise has taken the shares to a forward P/E of 17.
Sirius Minerals shares have perked up a modest 0.7% to 24.9 pence today. That's not a lot, but at least it's bucking the trend of the big miners, which are all dropping today. Sirius, which specializes in the development of potash resources, released an update on its York Potash Project pipeline.
The submission of documents is all going according to plan, with chief executive Chris Fraser telling us, "Planning consent for the pipeline will allow the York Potash Project to utilise a tried and tested technology that transports the mineral in the most efficient, effective and sustainable way possible."
Coming out of a recession when depressed share prices are rising, the odds can be tipped in favor of growth investors. But finding the best growth shares is not easy. If you want some help with the task, I recommend you get yourself a copy of our brand-new report "The Motley Fool's Top Growth Share For 2013," which is the result of a bit of serious brain-work by the Fool's top analysts. It's completely free of charge, but it will be available for a limited period only. So click here to get your copy today.
The article 3 Shares Set to Beat the FTSE Today originally appeared on Fool.com.Alan does not own any shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.