LONDON -- The FTSE 100
Meanwhile, individual companies are running ahead of the index as good news comes in from a number of sectors. Here are three names that are rising nicely today and look set to beat the FTSE.
Royal Bank of Scotland enjoyed a modest lift, up 1.7% to 285 pence after the bailed-out bank announced it is now able to leave the government's Asset Protection Scheme, effective tomorrow. The scheme was a means of providing support for the bank's turnaround plans, and the exit -- at the earliest opportunity possible for RBS -- should help support the growing sentiment toward the bank.
Forecasts do suggest a significant return to profit this year, so are the banks sufficiently rehabilitated to invest in now? Only you can decide that.
Cable & Wireless
Cable & Wireless Communications received a 3.8% boost this morning after the global telecommunications company confirmed press speculation that it is in discussions with CITIC Telecom International concerning a possible sale of its 51% stake in Companhia de Telecomunicacoes de Macau.
Cable & Wireless Communications shares had a poor first six months of 2012, but since June they've been recovering nicely, and there's a whopping 7% dividend forecast for the full year to March 2013. It won't be very well-covered, but earnings are expected to rise the following year.
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Centamin, the Egypt-based gold miner, popped a further 3.7% to 103 pence today. The move was helped by upbeat reports on the outlook for gold and recent confirmation that the firm still expects to meet its full-year targets.
Centamin's shares have nearly doubled since June, but they're still not back up to their 52-week high of 117 pence, mind. However, with a forecast full-year P/E ratio of less than nine, there could still be further to go.
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