3 FTSE Winners From The Last 30 Days

Published in Company Comment on 30 November 2012

Lloyds Banking (LSE: LLOY), ITV (LSE: ITV) and Resolution (LSE: RSL) have outrun the market.

What's better than a rising FTSE 100 (UKX)?

Owning shares that are rising faster than the FTSE!

Here are three blue-chip winners from the last 30 days.

1. Lloyds Banking

Lloyds Banking (LSE: LLOY) has advanced 14% to almost 47p during the last four weeks or so, in part due to very positive Q3 results.

The bank saw its underlying profit increase by a staggering 148% to just over £1.9bn, and managed to reduce its costs by 5%.

Lloyds did, however, post a statutory loss of £583m, which included a further PPI provision of £1bn during the third quarter.

2. ITV

The last 30 days have seen the shares of ITV (LSE: ITV) climb 14% to 99p.

This advance follows the release of an interim management statement that detailed the progress of the broadcaster's much-heralded 'transformation plan'.

The statement also revealed total group revenues up 4% to £1.6bn, which were helped in part by ITV's Studios division posting a 20% gain to its own top line. The broadcaster also stated that total cost savings would be around £30m for 2012, some £10m ahead of the firm's original target.

Commenting on the results, chief executive Adam Crozier said: "We have maintained our focus on cash and costs. Our financial position is strong, with positive net cash of £90m. Over the full year… we will again outperform the television advertising market."

3. Resolution 

Rallying 14% to 238p, Resolution (LSE: RSL) has been among the FTSE 100's main gainers since this time in October.

Like Lloyds and ITV, the gains may be due to the release of solid financial progress within a Q3 statement. 

'New business profitability' was cited as having a particularly strong nine months, with the figures showing an increase from £95m to £138m. In addition, the firm's cost-savings target for 2015 was raised from £143m to £160m.

Andy Briggs, Resolution's chief executive designate, said: "Overall, these results demonstrate our continued momentum, with the Group delivering significantly improved new business profitability despite the challenges in the wider economy. The capital position remains robust and I am pleased with the success of our recent debt offering which has enhanced our financial flexibility and further de-risked cash flow to shareholders”.

More potential winners

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> Chris does not own any share mentioned in this article.

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