easyJet, Royal Bank of Scotland, and United Utilities Help the FTSE 100 Edge Closer to Its 10-Year H
LONDON -- The FTSE 100 has seen little change on yesterday's close today, down 0.17% as of 9 a.m. EDT but still near its 10-year high of 6,732.4 set in June 2007.
We still have plenty of companies on the up, mind. Here are three from the FTSE indexes whose share prices are rising and look set to beat the market today.
Shares in easyJet have soared 3.9% following a positive trading update from rival Ryanair, which confirmed the current popularity of flights with budget airlines; many brokers this morning upgrading their forecasts for easyJet. This follows last week's announcement of first-half results, which confirmed that trading in the second half of the year is expected to be in line with management's expectations, along with higher revenue and lower losses.
Royal Bank of Scotland
Royal Bank of Scotland has put on another 2.4% as its most recent recovery continues -- only a week ago, it was trading at around 297 pence. Taxpayer-owned RBS recently announced it was axing 1,400 jobs in its high-street banking arm as part of cost-cutting measures, while rumors continue to circulate that it will be sold off to the public soon.
United Utilities is up 1.9% ahead of its full-year results, due to be announced on Thursday. Performance is expected to be in line with expectations, we were told in March's trading update, with marginal increases in revenue and profit likely. With its 4.5% yield, the water management company is a popular choice for income investors, and history has shown that utility companies are less affected by volatile markets than other shares, as evidenced by United Utilities' currently sitting on a five-year high.
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The article easyJet, Royal Bank of Scotland, and United Utilities Help the FTSE 100 Edge Closer to Its 10-Year High originally appeared on Fool.com.Sam Robson 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.
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