FTSE Shares That Soared and Plunged This Week
LONDON -- The FTSE 100 (INDEX: ^FTSE) regained last week's losses, to end this week on 5,881 points, up from 5,779. Last week's fall was caused by bad economic news from Spain and unrest over austerity measures there and in Greece. And then, suddenly, nothing happened this week, and the woes were quickly forgotten.
Such is the meaninglessness of short-term index movements, so what individual stocks have been moving this week?
St Ives (ISE: SIV.L)
Full-year results showed that printing and publishing firm St Ives is continuing its successful transformation from conventional print toward becoming a "broadly based marketing services" business, and that caused the price to spike up 17 pence (20%) to 95.6 pence.
The full-year dividend was upped by 9.5% to 5.75 pence per share, which is a massive 7% payout, and reflects the board's confidence in the company's future.
Trinity Mirror (ISE: TNI.L)
News and publishing group Trinity Mirror was one of the week's biggest winners, with a 15 pence (30%) rise to 65.75 pence. The stock has done really well since the ousting of deeply unpopular CEO Sly Bailey and has powered up since the ex-CEO of struggling music retailer HMV, Simon Fox, took her place.
Even after the recent rise, the shares are on a P/E of a lowly 2.5, which is really priced to go bust -- and if you think otherwise, you could be on to a bargain.
Fresnillo (ISE: FRES.L)
Mining and resource stocks have been continuing their recent recovery, with precious-metals miner Fresnillo being one of the bigger movers in the sector. The shares gained 110 pence (6%) to 1,963 pence on the week.
It's quite a big move for a FTSE 100 company, and it could suggest either a bounce from the pessimism surrounding metals and minerals, or possibly an upturn in sentiment regarding gold. Time will tell.
Lamprell (ISE: LAM.L)
Amid a generally positive week, we did have a few fallers, and oil and gas engineer Lamprell was one of the biggest. After releasing another profit warning, the shares dropped 33 pence (30%) on the week to 76.7 pence.
Back in May, we were told that contract delays would send the firm into a loss estimated at 8.5 million pounds this year, and now we hear that things are going to be worse than that, and that a management shakeup is in the cards. The price is now down around 80% since May.
As usual, this week's FTSE trading provided some large share-price movements -- and perhaps some buying opportunities. Indeed, legendary investor Warren Buffett has spent more than $1 billion buying the shares of one of the U.K.'s most successful FTSE large caps.
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The article FTSE Shares That Soared and Plunged This Week originally appeared on Fool.com.Alan Oscroft owns no shares mentioned in this article. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days. The Motley Fool has adisclosure policy.
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