3 Shares Beating The FTSE Today

Published in Investing on 5 November 2012

Ryanair (LSE: RYA) and Weir Group (LSE: WEIR) rise on good results.

The FTSE 100 (UKX) dropped back a bit this morning, losing 32 points to 5,837 points, after finishing last week on an upbeat note. Some commentators are suggesting disappointing employment data is the cause, but gains and losses like this are often no more than random noise.

If the index of top UK shares is not going anywhere, there are plenty of individual companies that are. Here are three on the up today...


Ryanair (LSE: RYA) gained €0.34 (7.4%) this morning to reach €4.88, after profit for the first half stormed up 10% to €596m. For the six months to 30 September, passenger numbers were up by 7% to 48 million, with revenues up 15% to €3.1 billion. Basic earnings per share came in 13% up, to 41.34 euro cents.

The company told us that it expects pressure on profitability in the second half, but was still confident enough to lift its full-year profit guidance from €400-440m to €490-520m.

Weir Group

Weir Group (LSE: WEIR) put on 71p (4%) to reach 1,822p today, on a strong interim management statement. The mining, oil and gas engineer told of double-digit profit growth for 2012, and set a full-year target of £440-450m for profit before tax, amortisation and exceptional items.

Business in the third quarter slowed a little, but that was expected, and revenue and profits were better than the same quarter last year. The share price is still down on the year, so could we have a bargain here? It must be worth investigation.

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Centamin (LSE: CEY) shares bounced back today, after plummeting last week, regaining 16% to 70p. Last week's shock was the apparent news that the Egypt-based gold miner's concession at its Sukari mine had been ruled invalid by the Egyptian courts, and the shares were suspended after losing 30%.

But now Centamin has received the written judgment, which claims that written approval from the appropriate minister was not apparent, rendering the exploration lease invalid. However, Centamin says it has the original documentation, including the necessary ministerial approval, and is confident it will succeed on appeal.

If you want to invest in getting riches out of the ground, the oil and gas exploration business could be a better long-term bet than precious metals. We've produced our free “How To Unearth Great Oil & Gas Shares” report to help you. It's available for a limited period, so click here to get your copy while you still can.

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> Alan does not own any shares mentioned in this article.

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