FTSE Shares That Soared and Plunged This Week
LONDON -- It really looks like the optimism has disappeared from the FTSE 100 now. Despite recovering 54 points on Friday, the U.K.'s top index still ended the week 99 points down at 6,552. That's five losing weeks in a row, and we could easily see the FTSE closer to 6,000 than 6,500 by year-end at this rate.
Business software developer Sage Group reported a 12% rise in full-year underlying earnings per share, and lifted its dividend 6% to 11.32 pence. It was rewarded with a 24 pence (6.9%) share price spike to 372 pence -- the shares are now up more than 25% over the past 12 months.
CEO Guy Berruyer said, "We remain confident of achieving our target of 6% organic revenue growth in 2015, and anticipate further progress during the year ahead."
Smith & Nephew
Smith & Nephew has seen its price climbing steadily as it continues with its share buyback spree -- the orthopedics specialist snapped up a further 690,000 shares this week at prices ranging between 812.5 pence and 845 pence. The firm also announced the appointment of a new chairman, Roberto Quarta.
The price ended the week 30.5 pence (3.7%) up at 846 pence.
The U.K.-based bank that had largely avoided the crash warned on Wednesday of "difficult market conditions," especially in its Financial Markets business, and saw its stock dip 117.5 pence (8.1%) to 1,331 pence over the week.
Over the past three years the Standard Chartered price has slumped 27%, while the banks bailed out with taxpayers' money have been soaring -- Lloyds Banking Group is up more than 150% over the same period.
It was a bad week for those who delve for the shiny things of the Earth, with silver and gold miner Fresnillo falling 76 pence (9.1%) to 757 pence -- the price is now down more than 60% over 12 months.
Africa-based gold miner Randgold Resources also had a bad week, losing 307 pence to 4,039 pence (7%), taking the price down nearly 40% in a year.
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The article FTSE Shares That Soared and Plunged This Week originally appeared on Fool.com.Alan Oscroft has no position in any stocks mentioned. The Motley Fool owns shares of Smith & Nephew and Standard Chartered. 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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