FTSE Shares That Soared and Plunged This Week
LONDON -- As many feared, the FTSE 100 has continued its recent slump to a sixth week in a row, losing another 112 points to finish Friday at 6,440. That takes the index of top U.K. stocks down 380 points from its recent peak of 6,820 on Oct. 30, and 436 points below the 13-year peak of 6,876 reached in May.
But which individual stocks rose and fell during the week? Here are three.
Investment manager Hargreaves Lansdowne has seen its price climb more than 80% over the past 12 months, and close to 200% over two years. And last week it picked up 76 pence (6.3%) to end at 1,285 pence.
There was no news during the week, but interim results should be with us on Feb. 5, and they're expected to be good -- at the Q1 stage, assets under management had reached a record level of 39.3 billion pounds.
International Consolidated Airlines
Aviation has been doing well, with International Consolidated Airlines picking up 17.4 pence (4.9%) to 375 pence. The airline, formed from the merger of British Airways and Spain's Iberia, has seen its stock more than double over the past 12 months, as it looks set to return to profit.
November statistics showed capacity up 9.5% on a year previously, with passenger traffic up 8.4%.
Following on from alleged accounting irregularities unearthed last month in Ireland, RSA Insurance this week announced the resignation of group chief executive Simon Lee and told us it needs a further 130 million-pound strengthening of reserves in addition to the 70 million pounds previously announced.
The dividend is now under threat, and the market responded with a further 9.3 pence (9.1%) fall to 92.5 pence -- the price is now down 28.3 pence (23.4%) since the news first surfaced.
Sports Direct International
Sports Direct International reported first-half results ahead of expectations -- and saw its price fall 49 pence (6.6%) to 702 pence! Revenue grew by 23.5%, with underlying pre-tax profit up 17% to 146 million pounds and EPS up 18% to 18.99 pence.
The company did not resume its dividend payments, which appears to lie behind the market's disappointment. But even with the drop, the stock is still up around 90% over 12 months.
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The article FTSE Shares That Soared and Plunged This Week originally appeared on Fool.com.Alan Oscroft and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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