FTSE Shares That Soared and Plunged This Week
LONDON -- There hasn't been much news during Christmas week, but the FTSE 100 has at least made a bit of progress. The U.K.'s top index finished the week up 144 points at 6,751, giving us two weeks of gains following on from that six-week losing streak. The FTSE is now only 125 points short of the 13-year high it reached in May.
Here's a quick look at some of the week's movers.
British Sky Broadcasting
The British Sky Broadcasting price took a dive when BT Group won the rights to European Football for the next couple of years, but it's been clawing its way back during December.
Last week we saw a gain of 50.5 pence (6.4%) to take it to 844.5 pence, as the company continues its aggressive share buyback programme. The stock is now on a pretty average P/E of 14.5 based on forecasts for the year to June 2014, with a dividend yield of close to 4% expected.
Silver and gold miner Fresnillo has suffered badly from falling precious metals prices, and has slumped by more than 60% during 2013 -- though that was from a very optimistic valuation at the start of the year.
Could it have bottomed out? Well, last week brought a welcome 38 pence (5.5%) lift to 735 pence, but the stock is still valued at 26 times forecast earnings.
Intertek continued its December recovery with a one-week gain of 139 pence (4.7%) to finish at 3,110 pence, taking the price of the safety and quality specialist up 6.3% since its recent low of 2,927 pence on Dec. 16.
But over the past 12 months, the stock is still slightly under break even, and there's only a modest dividend yield of 1.6% expected. On a P/E of 22 after a strong run since 2009, Intertek shares are perhaps a little pricey now.
Royal Mail shares have done well since flotation. But they shed 11 pence to 580 pence as the company was admitted to the FTSE 100 in the index's latest reshuffle. That's a fall of only 1.9%, but it was one of the FTSE 100's biggest in a generally upbeat week.
At 580 pence, Royal Mail is up a very nice 76% on its flotation price of 330 pence, lending support to those who claimed the government sold it off too cheaply.
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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 recommends British Sky Broadcasting. 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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