3 FTSE Shares Hitting New Highs

LONDON -- The last-minute deal that saved Cyprus has boosted the FTSE 100 (FTSEINDICES: ^FTSE  ) today, along with other European markets. The index of top U.K. shares is up 0.56% to 6,429 points as of 9:35 a.m. EDT, though it is still below the five-year high of 6,534 set earlier this month.

Banking shares are behind much of today's rise, but what else is up? Here are three shares setting new records.

Sainsbury (LSE: SBRY  ) (NASDAQOTH: JSAIY  )
Shares in supermarket J Sainsbury have been storming up over the past few weeks, and today they hit a new 52-week high of 380.2 pence before settling back a little to 377 pence at the time of writing. The shares are now up nearly 20% over the past 12 months and up 34% since their low point in June last year.

Last week's fourth-quarter update certainly helped, telling us of a 7.1% rise in sales for the 10 weeks to March 16. But even after the recent share-price appreciation, forecast dividends still suggest a healthy yield of 4.5% for the year to March 2013, with respective yields of 4.6% and 4.8% penciled in for the following two years.

Interserve (LSE: IRV  )
Interserve shares are currently trading above their highest 52-week close, at 501.5 pence at the time of writing. That's a gain of more than 50% over the past 12 months for the construction services company as confidence returns to the sector.

The year to December 2012 brought in pretty flat earnings, and more of the same is expected for 2013. But the shares are on a forward price-to-earnings ratio of less than 11, with a 4.3% dividend yield forecast -- and the P/E drops to 9.5 based on an earnings rise forecast for 2014.

Home Retail (NYSE: HOME  )
Shares in Home Retail Group, the owner of the U.K.'s Argos and Homebase brands, are still soaring, today reaching another new 52-week high of 165.2 pence. Homebase is struggling a little in the current tough climate, but the turnaround at Argos has been remarkable, and the newly focused chain should be bringing in higher-than-expected profit.

Much of the firm's future prospects are already built into the share price, though, with forecasts for the year to February 2014 putting it on a P/E of 19 -- and for the year after, it only falls to 18.

If you're looking for investments that should take you all the way to a comfortable retirement, I recommend the Fool's special new report detailing five blue-chip shares. They'll be familiar names to many, and they've already provided investors with decades of profits. But the report will only be available for a limited period, so click here to get your hands on these great ideas -- they could set you on the road to long-term riches.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2329394, ~/Articles/ArticleHandler.aspx, 9/27/2016 6:37:49 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 9 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:00 PM
HOME $14.53 Down -0.13 -0.89%
At Home Group Inc. CAPS Rating: No stars
IRV $371.25 Down -8.50 -2.24%
Interserve CAPS Rating: No stars
SBRY $248.50 Down -0.20 -0.08%
Sainsbury (J) CAPS Rating: No stars
^FTSE $6799.77 Down -18.27 -0.27%
FTSE 100 CAPS Rating: No stars
JSAIY $13.00 Down -0.26 -1.92%
J Sainsbury plc (A… CAPS Rating: No stars