LONDON -- The FTSE 100
And even if nothing much is happening to the index of top U.K. shares, that doesn't mean there isn't any excitement out there. Here are three companies from the FTSE indexes that are soaring today.
Oil, gas and mining support services provider Cape
But what cheered investors was the news that revenue was up and that the outlook is good, with new chief executive Joe Oatley saying "I continue to believe that the core of the business is fundamentally strong." City analysts, many of whom had been fearing the proverbial third profit warning, seem convinced that the Cape turnaround is now on.
Student accommodation provider Unite Group
The results? A doubling of pre-tax profit to 33.5 million pounds, and a tripling of adjusted earnings per share to 9 pence. The interim dividend was doubled to 1 pence per share. The demand for university places, coupled with strong asset values, makes the outlook appear bright.
Rumors, which are easy to start and to spread, especially in a sector like this, should be of no consequence to Foolish investors.
In fact, if you want to invest in the oil and gas exploration business, the latest Motley Fool report, "How To Unearth Great Oil & Gas Shares" is likely to be far more valuable. It's free, so click here for your personal copy.
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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.