ARM (LSE: ARM) and G4S (LSE: GFS) gain on good news.
The FTSE 100 (UKX) has regained yesterday's losses, putting on 37 points by midday to 5,877 points. Global uncertainty, US elections, inflation and unemployment, whatever -- day-to-day movements in the index really don't matter to long-term Fools.
But we do care about updates from individual companies, and here we take a look at three whose shares are benefiting from news today...
Shares in security firm G4S (LSE: GFS) put on 5.2p (2%) to 266p this morning, after the release of an interim statement. Excluding the London 2012 Olympics contract, revenue for the year to date has grown by 6.9%, with organic growth reported at 5.5%. Operating margins were down a little, but that was expected.
G4S reiterated its estimate of a £50m loss over the Olympics contract, and that has already been accounted for as an exceptional item in the company's first-half figures.
ARM Holdings (LSE: ARM) is having another good day, up 25p (3.6%) to 720p, after the chip designer revealed it has joined a consortium, along with other "major technology companies", and is in an agreement to acquire 580 technology patents from MIPS.
The patents cover various aspects of chip design, and the total cost of their acquisition will amount to $350m, with ARM putting up $167.5m. ARM shares have climbed 25% in just three weeks.
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Oil explorer Bowleven (LSE: BLVN) saw its shares boosted by 9.7% to 82p today, after releasing preliminary results and announcing a strategic alliance with FTSE 100 giant Petrofac (LSE: PFC) for the development of the Etinde Permit, in Cameroon. Petrofac shares themselves were unmoved.
The deal will see Petrofac contributing up to $500m and its technological expertise towards the development of the project, with the two companies sharing the production revenues.
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> Alan does not own any shares mentioned in this article.