3 Shares Set to Beat the FTSE Today
LONDON -- The FTSE 100 (INDEX: ^FTSE) is pretty flat at the moment, down 32 points at the time of writing at 5,821 with no real news to drive it anywhere far.
But in 10 years' time, daily movements like this will count for nothing, anyway.
For now, let's see which companies across the indexes are doing well today. Here are three whose shares are heading upwards following good news.
QinetiQ (ISE: QQ.L)
A trading update from defense and aerospace engineer QinetiQ pushed its shares up 5.9%. "The Group's performance during the first half of the financial year has been stronger than originally expected," we were told, and the board expects to at least meet its previous guidance for the full year.
Forecasts put the shares on a price-to-earnings ratio of 11 for the full year, with a dividend of around 2% forecast, so a lot of the expected recovery looks to be already in the price.
Bango (ISE: BGO.L)
Bango shares got a boost today, gaining 4.7% to 173 pence after the mobile web-payments and analytics company announced that its implementation on Facebook is now live, meaning that mobile Facebook users can now pay for content directly instead of having to rely on things like expensive text services.
Bango's payment system is used widely on the mobile web, including by a number of app stores, and that has helped the share price more than double over the past 12 months -- and it has more than seven-bagged since 2008, though the company is not yet making a profit.
Bayfield (ISE: BEH.L)
Bayfield Energy soared 9% to 31.3 pence today after the oil and gas exploration and production company gave us a positive update on its activities. The firm, with assets in offshore Trinidad and South Africa, has agreed a revised contract for the supply of crude oil to the Trinidad state oil company, Petrotrin, which lowers the discount agreed by Bayfield at a time when its production levels were lower.
This is a welcome result, and the recent share price recovery continues after its slump earlier in the year.
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