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FTSE Shares That Soared and Plunged This Week

By Alan Oscroft - Sep 7, 2013 at 7:18AM

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A look back at the week in London.

LONDON -- The FTSE 100 (FTSEINDICES: ^FTSE) finally broke its losing streak last week, and after four weeks in a row of losses it perked up to gain 134 points and finish Friday at 6,547. U.S. jobs figures coming in weaker than expected helped postpone fears of economic stimulus tapering, but it's sure to come sooner or later and really doesn't seem worth worrying about. We had quite a few individual movers during the week, too. Here are four of them.

ITV (ITV 1.20%)
TV producer and broadcaster ITV has had a tremendous 12 months, with its share price almost doubling as the company is weaning itself away from advertising revenue and its prospects are looking stronger. Interim EPS reported in July was up 16%, and there's a 13% rise for the full year forecast with dividends around 2%. This week the share price gained 9.9 pence (6%) to end at 174.5 pence, having set a new 52-week high of 175 pence on Friday.

Persimmon (PSN -1.75%)
The housebuilding sector has been recovering strongly, and last week the FTSE 100 representative of the industry, Persimmon, put on 61 pence (5.6%) to reach 1,160 pence. First-half results in August were upbeat, with revenue up 12% to 899.9 million pounds and underlying pre-tax profit up 40% to 135 million pounds, and that helped reverse a recent fallback in the share price from July's highs. Persimmon's price is now around 50% up over the past 12 months.

TUI Travel (LSE: TT)
TUI Travel stock has had a great run-up to the beginning of August, but it's been in a bit of a slide since then, even though Q3 results on Aug. 7 told us of "strong demand across key markets" and brought an 18% rise in underlying operating profit. The price is now down 15.8% from August's peak of 401.5 pence to 338.2 pence, losing 6.2 pence (1.8%) of that last week.

Fresnillo (FRES 1.49%)
Mexico-based silver and gold miner Fresnillo has been on an upswing in recent weeks, but its recovery took a bit of a breather last week with a 39 pence (3%) drop to 1,264 pence. Interim results on Aug. 6 brought a 27% fall in gross profit and a cut to the dividend, largely because of a slump in gold and silver. But prices for the shiny metals have been picking up a little since the beginning of July, and though there's a 45% fall in EPS forecast for Fresnillo for the full year, there's a return to growth on the cards for 2014.

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Alan Oscroft and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Stocks Mentioned

ITV plc Stock Quote
ITV plc
ITV
$74.22 (1.20%) $0.88
Fresnillo PLC Stock Quote
Fresnillo PLC
FRES
$750.40 (1.49%) $11.00
Persimmon Plc Stock Quote
Persimmon Plc
PSN
$1,856.00 (-1.75%) $-33.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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