LONDON -- The FTSE 100
Though it's down overall for the past year, might we finally be seeing a bottom for the index of the biggest U.K. stocks? Well, some of the FTSE's index constituents have been turning things around, and now we take a look at three of today's big risers.
Oil explorer Soco International
Soco currently owns an 80% stake in its Soco Vietnam subsidiary and has now reached an agreement to purchase the remaining 20% from Lizeroux Oil & Gas for $95 million.
The firm also stressed its "strong belief" in the value of the Ca Ngu and Te Giac Trang fields off the Vietnamese coast, in which it holds stakes of 25% and 28.5%, respectively.
The shares are down on the year, but forecasts for the next two years look strong.
That took the price back to the level it reached a couple of weeks ago after the company announced the grant of a patent in Spain, but it subsequently fell back a little. Perhaps we're finally starting to see the good news needed to reverse the long share-price slide this tiny operator has suffered.
Despite being in the news for all the wrong reasons of late, Barclays
That affair, in which several banks were investigated on suspicion of manipulating the interbank lending rate, led to bumper fines totaling 290 million pounds for Barclays. Today's rise is but a small recovery from the 16% hit the shares took on the day of the LIBOR announcement.
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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. Try any of our Foolish newsletter services free for 30 days.