3 Shares the FTSE Should Beat Today

LONDON -- The FTSE 100 (INDEX: ^FTSE  ) is more or less flat at the time of writing, down just six points from yesterday's closing level of 5,862, though it looks like it's heading for an overall positive week after market worries caused it to falter last week.

But going nowhere is better than falling, which is what a number of companies have done in the various FTSE indexes today.

Admiral (LSE: ADM.L  )
Admiral Group fell 5.7% to 1,077 pence this morning after the insurer revealed a fall in third-quarter figures. Turnover for the three months to Sept. 30 declined by 2% to 570 million pounds, although turnover for the nine months is up 3% to 1.7 billion pounds.

Chief executive Henry Engelhardt told us that "The U.K. car insurance market is cyclical and we are in the softer part of the cycle with premium rates coming down," and that Admiral is still on track to meet full-year expectations.

Faroe (LSE: FPM.L  )
Faroe Petroleum shares dropped 9% on the news that the company is to abandon operations at its P1161 license area to the west of Shetland.

Faroe, which operates in the North Sea, the Atlantic margin, and Norwegian waters, had drilled some exploratory wells in the area and found oil-bearing sands, but these have turned out not to be economically viable.

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RBS (LSE: RBS.L  )
Royal Bank of Scotland fell a modest 1.9% after reporting a pre-tax loss of 1.2 billion pounds in its third quarter, compared with a 2 billion pound profit in the same quarter last year.

RBS also joined Lloyds Banking Group (LSE: LLOY.L  ) in bumping up the money allocated to cover the costs of mis-selling payment protection insurance. After Lloyds' costs leapt by a further billion yesterday, RBS has had to set aside an additional 400 million pounds, taking its bill so far to 1.7 billion pounds.

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Alan does not own any shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.


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