Why KCOM, Bellway, and Fuller, Smith & Turner Beat the FTSE 100 Today
Jun 7th 2013 4:35PM
Updated Jun 7th 2013 5:25PM
LONDON -- It wasn't looking good for the FTSE 100 this morning, but after a positive U.S. jobs report, the index soared 1.2% to close at 6,412 points. Which shares did even better today? Here are three from the various indexes.
KCOM Group shares have been a bit erratic, but they picked up 8.1% today on the back of full-year results. Revenue was down 3.7% to £372.9 million, but that was in line with expectations, and pre-tax profit gained 3.1% to £52.7 million. The basic earnings-per-share figure came in just 1% up to 7.49 pence, but the annual dividend was lifted by 10% to 4.4 pence per share for a yield of 5.4%.
The telecom firm also confirmed its current dividend policy, with executive chairman Bill Halbert saying, "We are pleased to be able to commit to a ten per cent per annum dividend increase through to 2016."
Homebuilder Bellway also saw its shares climb 1.4% following an update for the period from Feb. 1 to May 31. Performance has been good, with the government's "Help to Buy" scheme and the wider availability of affordable mortgages helping boost average weekly reservations by nearly a third. Bellway's average selling price of £200,300 is up 5% on the same period last year.
The Bellway share price has done well over the past 12 months, too, along with the rest of the sector: It's up about 80% since this time last year.
Fuller, Smith & Turner
Pub manager and brewer Fuller, Smith & Turner turned in a decent set of full-year results and saw its share price pick 5.1%, taking it up about 17% over the past year.
Revenue is up 7% to £271.5 million, and adjusted pre-tax profit gained 5% to £31.7 million. Adjusted EPS rose by 8% to 43.07 pence, enabling an 8% rise in the total dividend to 13.7 pence. That's only a modest 1.5% yield, but it was slightly ahead of expectations.
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The article Why KCOM, Bellway, and Fuller, Smith & Turner Beat the FTSE 100 Today originally appeared on Fool.com.Alan Oscroft has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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