FTSE Shares That Soared and Plunged This Weekhttp://www.fool.com/investing/international/2012/09/29/ftse-shares-that-soared-and-plunged-this-week.aspx Alan Oscroft
September 29, 2012
LONDON -- The FTSE 100 (INDEX: ^FTSE ) went into decline this week, falling 74 points (1.3%) from last week's close of 5,853 points, to end this week on around 5,740. It was all due to news of deteriorating economic conditions in Spain, coupled with increasing unrest over austerity measures both there and in Greece -- it's looking more and more likely that Spain will be seeking a euro bailout.
But independently of whatever Europe was doing, individual U.K. stocks were moving.
QinetiQ (LSE: QQ.L )
First-half performance has been "stronger than originally expected," and the company now expects to at least match current forecasts for the full year. But it's not all shining light, as although U.K. business continues to perform well, QinetiQ's U.S. subsidiaries are still facing contract award delays.
Tate & Lyle (LSE: TATE.L )
After having sold its sugar refining business last year, the slimmed-down Tate's Bulk Ingredients division enjoyed good sales of liquid sweeteners, while its Specialty Foods division is in line for volume growth. There's a 4% dividend forecast for the full year, and that's looking safe.
Shanks (LSE: SKS.L )
Shanks is a company that has had downturns before but has bounced back, so could there be another recovery due?