2 Shares That Beat the FTSE 100 Today
The FTSE 100 finished the day up 1% to 6,355 points despite the loss of the U.K.'s "AAA" credit rating. Though the pound is under pressure, fears that the U.S. and Japan will end their economic stimulus policies in the near future appear to be receding since the U.S. Federal Reserve has been talking up its bond-buying policy.
Plenty of individual shares are climbing, too. Here are two that made nice gains today.
Shares in Senior climbed last Friday in anticipation of today's results, and they rose another 7% to 237 pence today now that the figures are out. That takes the shares up 20% over the past 12 months, and that has pretty much all come since the new year.
Revenue for the year to December rose by 14% to 729.8 million pounds, with adjusted pre-tax profit up 17% to 91.1 million pounds and adjusted earnings per share up 22% to 17.75 pence, putting the shares on a P/E of 13. The aerospace and defense engineer was able to lift its full-year dividend by 22% to 4.65 pence per share for a yield of 2%.
Shares in 888 Holdings have been seriously soaring of late, and they gained another 2% to 151.5 pence today. The price has just about tripled from a low of about 54 pence a year ago, with a 40% rise in the past two weeks.
The online gaming operator told us of a 7% rise in revenue in its fourth quarter on Feb. 4, with a 13% revenue rise for the full year to $376 million. Current expectations put the shares on a P/E of 19, even after the dramatic price rise of the past year. Results are expected on March 13.
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