QinetiQ (LSE: QQ) gets off to a good start, and Bango (LSE: BGO) launches on Facebook.
The FTSE 100 (UKX) is hovering pretty flat at the moment, down 32 points at the time of writing to 5,821 points, with no real news to drive it anywhere much at all. But in 10 years' time, daily movements like this will count for nothing anyway.
But which companies in the indices are doing well today? Here are three whose shares are heading upwards after good news...
A trading update from defence and aerospace engineer QinetiQ (LSE: QQ) pushed its shares up 10.1p (5.9%). "The Group's performance during the first half of the financial year has been stronger than originally expected", we were told, and the board expects to at least meet its previous guidance for the full year.
Forecasts put the shares on a price-to-earnings (P/E) ratio of 11 for the full year, with a dividend of around 2% expected, so a lot of the expected recovery looks to be already in the price.
Bango (LSE: BGO) shares got a boost today, gaining 7.8p (4.7%) to 173p, after the mobile web payments and analytics company announced that its implementation on Facebook is now live -- meaning that mobile Facebook users can now pay for content directly instead of having to rely on things like expensive text services.
Bango's payment system is used widely on the mobile web, including by a number of app stores, and that has helped the share price more than double over the past 12 months -- and it has more than seven-bagged since 2008, though the company is not yet making a profit.
Beyfield Energy (LSE: BEH) soared by 9% to 31.3p today, after the oil and gas exploration and production company gave us a positive update on its activities. The firm, with assets offshore of Tririndad and South Africa, has agreed a revised contract for the supply of crude oil to the Trinidad state oil company, Petrotrin, which lowers the discount agreed by Bayfield at a time when its production levels were lower.
This is a welcome result, and the recent share price recovery continues after its slump earlier in the year.
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> Alan does not own any shares mentioned in this article.