Trinity Mirror (LSE: TNI) lifts its forecasts, and Gulf Keystone (LSE: GKP) strikes oil.
The FTSE 100 (UKX) was looking so good this week until it slumped more than 100 points yesterday afternoon in response to US markets, and today it's not really moving at all. It's just 10 points up on the day at 5,802 points as I write.
Still, that doesn't stop individual constituents of the FTSE indices having a good day. Here are three on the up...
Trinity Mirror
Shares in publisher Trinity Mirror (LSE: TNI) gained 2.5p (3.8%) to reach 68.75p on the release of an interim management statement. The firm has unexpectedly upgraded its full-year profit guidance, saying that adjusted operating profits will be pretty much the same as last year, at around £104.5m.
The re-rating comes from an improvement in advertising trends. Trinity Mirror has been able to cut its net debt by a further £19m in the quarter, and by £59m for the year so far, to £162m.
SuperGroup
Fashion star SuperGroup (LSE: SGP), the owner of the Superdry brand, put on 41p (6.2%) to 700p after first-half group sales soared by 16.2% to £158.2m, with second-quarter sales up 20.3% to £98.4m. The firm confirmed it expects to meet current consensus forecasts for the full year, suggesting we'll see a 20% growth in earnings per share.
SuperGroup is looking increasingly like it has put its operational difficulties behind it, and the share price has now more than doubled since it crashed to earth earlier in the year.
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Gulf Keystone
Gulf Keystone Petroleum (LSE: GKP) has hit oil, sending its shares up 8p (4.4%) to 190p. The discovery -- at the Sheikh Adi Block in the in the Kurdistan Region of Iraq, in which Gulf Keystone is part of a production sharing contract -- has uncovered oil as several different depths, with an estimated aggregate flow of 4,235 barrels of oil per day.
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> Alan does not own any shares mentioned in this article.
