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FTSE Shares That Soared and Plunged This Week

By Alan Oscroft – Mar 29, 2014 at 12:00PM

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A look back at the week in London.

LONDON -- We saw a small rise in the FTSE 100 (FTSEINDICES: ^FTSE) this week, of 58 points, to end Friday at 6,616. But that really only extends the index's sideways spell, while we're in a period with very few major company results. That record high of 6,876 points is still proving elusive.

There weren't many notable price movements this week, but here's a few of interest:

easyJet (EZJ 1.68%)
The stock price of budget airline easyJet has been soaring since November, to take it up more than 50% over 12 months -- and the gains were backed up on Tuesday by an upbeat trading update ahead of first-half results.

Capacity has grown approximately 3.5%, with revenue per seat now expected to be 1.5% up. Ex-fuel costs per seat are lower than previously expected, falling 0.5%, and there's a predicted pre-tax loss (in the out-of-season half) of 55 million to 65 million pounds, down from an earlier estimate of 70 million to 90 million pounds.

On the week, the stock gained 89 pence (5.5%) to 1,711 pence.

Aberdeen Asset Management (ADN)
Investment firm Aberdeen Asset Management picked up 32 pence (8.8%) to reach 395 pence, the week after announcing the planned takeover of Scottish Widows Investment Partnership Group -- the details only emerged late the previous Friday, with the share price catching up this week.

Aberdeen shares have had an erratic 12 months, losing 10% overall, but they're offering a dividend yield of 5% now.

Carnival (CCL 2.29%)
Cruise operator Carnival released a disappointing first-quarter update on Tuesday and saw its price dip 113 pence on the day -- it went on to a loss over the week of 174 pence (7.1%) to 2,290 pence.

Revenue in the quarter fell 2.1%, with net costs (excluding fuel) up 3.3%. Although those figures were better than earlier expectations, the company reported zero earnings per share for the period, down from 8 cents a year previously.

Babcock (BAB 0.40%)
Engineering support company Babcock International announced a takeover on Thursday, and saw its stock promptly fall -- it dropped 91 pence on the day, and ended the week down 96 pence (6.9%) to 1,292 pence.

The buyout target is aviation services firm Avincis, whose entire share capital is to be acquired by Babcock for 920 million pounds. Despite the fall, Babcock stock is still up around 17% over the past 12 months.

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Alan Oscroft and The Motley Fool have no position in any of the stocks mentioned. 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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