LONDON -- The FTSE 100
There are individual shares that are doing even better than that, of course, and we take a look at three that beat the market today.
Spectris, the precision instrument maker, enjoyed a nice boost today, up 11.6% to 1,779 pence. The driver was an upbeat interim management statement that told us of a 12% sales increase in the quarter to Oct. 18. A lot of the progress came from acquisitions, but the firm recorded a 2% rise in like-for-like sales over the same period a year ago.
Net debt stands at 290 million pounds, which is no big deal for a 1.8 billion pound company with annual revenue of more than 1 billion pounds. The shares are now up 50% over the past 12 months.
The shares of bookmaker William Hill have gained more than 50% over the past year, and a 4% rise to 357 pence today helped push the price even further. The occasion was a third-quarter update that told of a 26% rise in operating profit, with a 43% rise in online profits.
Even after the price rise, forecasts still put the shares on an undemanding forward price-to-earnings ratio of 12, with a dividend of around 3.3% expected for the full year.
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Shares in Johnson Matthey continued their rebound today, putting on 42 pence for a 1.8% rise to 23.29 pounds. The price hit a peak of 25.79 pounds recently before falling back. But the firm, which produces speciality metals and chemicals, has been working with a number of partners in developing fuel-cell technology, and that is almost sure to be a big earner in the not-too-distant future.
The share price is up about 35% for the year, and with a forward P/E of 14 and dividends of 2.7% forecast, there isn't a lot of technology-led growth factored in.
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Alan Oscroft 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.