Blinkx (LSE: BLNX) and GB Group (LSE: GBG) rise on good trading.
FTSE 100 (UKX) optimism couldn't last, could it? After a couple of weeks when confidence looked to be tentatively returning, the index of the UK's biggest shares is turning tail again and has dropped below the 5,800 level, losing 37 points so far today to 5,770 points.
But things are looking fine for plenty of individual companies in the indices. Here are three on the up today...
Blinkx
Video technology specialist Blinkx (LSE: BLNX), which is a constituent of our Beginners' Portfolio, jumped 7.75p (15%) to 59.5p on the release of a trading update. The firm, whose products are aimed at the targeted advertising market, told us that a first-half revenue of around $80m is expected, leading to a forecast-beating pre-tax profit of $2.4m.
Chief executive S. Brian Mukherjee said: "Based on our performance this period and the fundamentals of the sector, we remain confident in our outlook for the rest of the year". Interim results are expected to be announced on 14 November.
GB Group
GB Group (LSE: GBG) gained 2.5% to 93p after releasing a pre-close trading statement ahead of the firm's first-half results. GB, which specialises in identity management and identity security, told us that performance is in line with expectations. We should see a 44% rise in group revenues to £17.7m and a jump in operating profit of around 55% to £1.4m.
GB shares have done very well this year, having more than doubled over the past 12 months.
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CSR
Shares in CSR (LSE: CSR) gained a modest 4.2p (1.2%) to 342.6p on the news that the consumer electronics company plans to return up to $285m (approximately £177m) to shareholders by means of a tender offer.
The offer, via the agency of J.P, Morgan, will lead to the purchase of up to 52.7m shares, with a tender price of between 335p and 375p. The closing date is 29 November.
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> Alan does not own any shares mentioned in this article.
