3 FTSE Shares Hitting New Highs

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LONDON -- With the FTSE 100 (FTSEINDICES: ^FTSE  ) down 564 points from its May 22 high of 6,876, up 0.11% for the day to 6,311 as of 8:25 a.m. EDT, it might seem strange to be talking of record prices. But the U.K.'s top index is still up 16% over the past 12 months, which in most years would be considered a cracking performance, and there are individual shares constantly breaking new ground.

So here are three shares from the various indexes that are setting new records today.

Whitbread (LSE: WTB  )
Whitbread is having a great week, with its shares climbing further to reach a new 52-week high of 2,967 pence today -- though they're back to 2,919 pence at the time of writing. Shares in the owner of the U.K.'s Costa Coffee and Premier Inn chains are now up 60% over the past 12 months.

After posting three straight years of double-digit growth in earnings per share, Whitbread is forecast to do the same for the next two years -- and with that kind of growth expected, a forward P/E of 17.5 might well be justified. Dividends are on the up, too, but the yield on offer is only a little more than 2%.

Invensys (LSE: ISYS  )
Software and control systems specialist Invensys has seen its share price more than double over the past year, reaching a 52-week high of 411.8 pence today. Emerging from a tough spell, Invensys told us last month that the 12 months to March 31 had been a "transformational year" for the company: Operating profit shot up 41%, and underlying EPS soared 60% to 8.5 pence.

With another strong recovery year forecast for March 2014, the shares are on a forward P/E of 25, so there's a fair bit of future performance already built into the price.

PayPoint (LSE: PAY  )
PayPoint shares reached 1,000 pence for the first time yesterday, turning the consumer payment firm into a near-four-bagger since its low point in early 2010. Earnings have been rising steadily since then, too, as have dividends -- though the share price growth has lowered the yield from about 6% to about 3.5%.

But with forecasts for the next two years looking good, with respective earnings rises of 12% and 10% forecast, the future looks all right.

Finally, if you're looking for high-performing top-drawer shares 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.

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12/31/1969 7:00 PM
ISYS $0.00 Down +0.00 +0.00%
Invensys CAPS Rating: No stars
PAY $1021.00 Down +0.00 +0.00%
PayPoint CAPS Rating: No stars
WTB $3888.67 Down -5.33 -0.14%
Whitbread CAPS Rating: No stars
^FTSE $6849.38 Down +0.00 +0.00%
FTSE 100 CAPS Rating: No stars