LONDON -- The FTSE 100
Talking of recoveries, a couple of companies in the FTSE indices enjoyed positive news of their turnaround strategies today.
It's not often that the departure of a chief executive boosts a company's share price, but that's exactly what happened to Halfords
In separate news, a first-quarter statement told us that total revenues have slipped by 5.2%, with like-for-like sales falling 5.6%. But Autocentres had a good quarter, up 9.2%, and full-year guidance suggests pre-tax profit of between 62 million pounds and 70 million pounds.
The company's three-year recovery plan appears to be on track, and there's a good chance the shares are past the worst of it now, having touched a bottom of 127 pence back in November.
But if you're looking for big rises, you can't do much better than Tethys Petroleum
An independent report, covering an area of 35,000 square kilometers, has indicated a total reserve of 27.5 billion barrels of oil equivalent, which is an awful lot of the black stuff whichever way you look at it. The shares have been volatile this year, but shareholders should be happy today.
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