3 Shares Set to Beat the FTSE 100 Today
LONDON -- The FTSE 100 is up 0.25% to 6,457 points as of 8:35 a.m. EDT, although the index of the U.K.'s top companies was higher earlier in the day in response to the Cyprus government's overturning of its finance ministry's much-reviled plan to snaffle cash from hard-pressed savers. We have the response to the U.K. budget update to await, too, so the end-of-day picture could well change again.
Meanwhile, which individual FTSE constituents are doing well? Here are three that are beating the index so far.
ASOS shares are up yet again, gaining a further 6.4% to reach 3,310 pence in morning trading -- and that's up about 90% over the past 12 months! A second-quarter trading statement lay behind today's boost, telling of a 37% rise in retail sales for the three months to Feb. 28.
That included 28% growth in U.K. sales in a market many would have considered to be relatively mature. Internationally, the company enjoyed 45% growth, with the crucial U.S. market showing a 50% gain. International sales now account for 59% of the total, up from 57% at the same stage last year.
Queueing-technology specialist Lo-Q perked up 1.8% to 669 pence on the announcement of a new contract win. Under the deal, a "major North American Membership Club" will adopt the Accesso Passport ticketing system, which allows people to print their own bar-coded tickets at home, for an initial term of four years.
Chief executive Tom Burnet said: "This agreement not only demonstrates further signs of progress from our Accesso business, but also reinforces Accesso's position as the attractions industry's leading provider of ticketing solutions."
Smiths Group shares are up 0.6% to 1,326 pence, marginally ahead of the index at the time of writing. The engineer released interim figures today, showing a 6% rise in underlying revenue to 1.5 billion pounds, with underlying pre-tax profit up 6% to 223 million pounds. Earnings per share at the halfway stage were up just 1%, but the firm lifted its interim dividend by 6% to 12.5 pence per share. Smiths shares are up around 25% over the past 12 months and are on a forward P/E of 14 based on full-year forecasts.
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The article 3 Shares Set to Beat the FTSE 100 Today originally appeared on Fool.com.Alan Oscroft has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.