3 Shares The FTSE Is Beating Today

Published in Investing on 9 November 2012

Tullett Prebon (LSE: TLPR) falls on difficult trading, and Rentokil (LSE: RTO) has delivery troubles.

The FTSE 100 (UKX) continued its disappointing slide this week, dropping a further 14 points to 5,762 points, following on from a 100-point slump on Wednesday in response to US market fears and a lowering of European economic forecasts.

Some individual companies are having a bad day, too. Here are three that are falling...

Tullett Prebon

Broker Tullett Prebon (LSE: TLPR) slumped today, losing 24.5p (9.4%) to 237.5p, after revenues for the four months to the end of October fell by 12%, due to that perennial culprit, "challenging" market conditions. Year-to-date revenue was down 3% to £731m.

The firm has also faced a further £7m in costs related to legal actions, taking the total bill to £13.9m. The shares are now down a third from their high point this year of 357p.

Anite

Anite (LSE: AIE) shares fell 5.7p (4%), despite telling us that trading is going as according to plan. In its half-time update, the wireless telecoms software provider said that trading conditions were "encouraging", with adjusted operating profit ahead of last year.

The share price had already doubled over the past 12 months, so maybe this is another example of what happens when performance of a growth share does not beat expectations, as everyone seems to expect it to.

Britain's ace investor Neil Woodford avoids the risks of growth shares by not buying them. Instead, he goes for top-quality companies with dependable long-term dividend records. And he's beating the FTSE in the process.

We look at some of his investments in our free report "8 Shares Held By Britain's Super Investor". To get your copy, click here while it's still available.

Rentokil

Rentokil Initial (LSE: RTO) shares fell 2% to 86p after the firm revealed that its City Link parcel delivery service is going to make a loss in the last quarter of the year, where many observers had been expecting it to return to profit. But the division's cost per delivery was down by 12%, so maybe there will be profit next year.

Otherwise, things were generally fairly flat at the third-quarter stage, though cash flow did fall by 21% at actual exchange rates (11% at constant 2011 rates).

Which are the best sectors to invest in if you want to avoid falling shares? That's what we asked the Motley Fool's top analysts, and you can see how their picks have fared so far this year by reading their report. It's free, so click here to have a copy sent direct to your inbox while it's still available.

Further Motley Fool investment opportunities:

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

Share & subscribe

Comments

The opinions expressed here are those of the individual writers and are not representative of The Motley Fool. If you spot any comments that are unsuitable hit the flag to alert our moderators.

 

There are no comments yet - why not be the first?

Join the conversation

Please take note - some tags have changed.

Line breaks are converted automatically.

You may use the following tags in your post: [b]bolded text[/b], [i]italicised text[/i]. All other tags will be removed from your post.

If you want to add a link, please ensure you type it as http://www.fool.co.uk as opposed to www.fool.co.uk.

Hello stranger

To add your own comment, please login.

Not yet registered? Register now.