3 Shares Set To Beat The FTSE Today

Published in Investing on 30 November 2012

Harvey Nash (LSE: HVN) and Globo (LSE: GBO) are on the up.

Despite an early slump, it looks like the FTSE 100 (UKX) might be ending the week up after all. After a decent rise yesterday, the index of top UK stocks is up a further eight points at the time of writing today, to 5,878. That's 59 points up on last Friday's close of 5,819 -- not massive, but 1% a week every week would be very nice.

A number of companies in the various indices are heading in the same direction as the FTSE today. Here are three whose prices are rising:

Harvey Nash

Recruitment specialist Harvey Nash Group (LSE: HVN) put on 5% this morning to reach 59p, after telling us that trading for the past four months came in ahead of prior expectations, driven by a combination of higher profits in the UK and Ireland and increased recruitment rates across various markets.

For the quarter to October, revenues were up 10%, with operating profit up 7%. Pre-tax profit was hit a little by the firm upping its working capital, but still rose by 3%.


Globo (LSE: GBO), the provider of mobile telecoms software, saw its price pick up 5.9% to 21.2p, after the firm announced a new distribution deal for its GO!Enterprise products in the UK and Ireland.

IT distributor Computerlinks will offer Globo's product suite to its UK and Irish partners, in a move that was described by Globo chief executive Costis Papadimitrakopoulos as "our first major move in the UK and Ireland, which are key markets for Globo".

Victoria Oil & Gas

Shares in Victoria Oil & Gas (LSE: VOG) gained a modest 1.6% to 2.3p after the firm issued an operational update. The company's distribution business appears to be developing well, with a packaging company becoming its latest customer to take gas. Average daily consumption by Victoria's existing six gas customers is now estimated at 1.4mmscf/d.

Four more thermal energy customers have also been signed up, and Victoria now expects to exceed its previous production guidance.

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

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