Charles Stanley Group plc (LON: CAY), GLOBO Plc (LON: GBO) and Brightside Group PLC (LON: BRT) are all up on good news.
Having only just broken the 6,200 level yesterday, the FTSE 100 is now heading firmly for 6,300, standing 11 points up on the day as I write, at 6,277. Will it make it by the end of the week? With a whole half a day to go, I wouldn't bet against it.
Growing optimism from China has been partly behind recent market optimism, though Japan is still suffering from deflation, with a consumer price index of -0.1% having just been reported.
Companies within the various FTSE indices continue to push upwards. We look at three responding well to good news today:
Charles Stanley
Charles Stanley Group (LSE: CAY) shares are up 10.6p (3.2%) today, to 340p, after the investment firm released an interim update covering the three months to 31 December and on to 25 January. The company now has client funds to the tune of £16.4 billion under management, up 4.6% from £15.6 billion at the end of September.
Revenue for the third quarter was up 13.5% to £31.1 million, although that is in comparison to a poor quarter last year. For the nine months, revenue was up 3.4%. A fairly flat year overall is expected this year, but there is strong earnings growth forecast for the next two years.
Globo
Mobile telecoms services provider Globo (LSE: GBO) saw its shares bounce up 2.5p (8.8%) to 30p this morning, and up more than 50% since mid-December. The driver today was a trading update for the year to 31 December, which told of market-beating performance. Revenue is expected to be up around 28% to €58 million, with EBITDA expected to rise by 42% to at least €29 million.
Forecasts for the next two years are pretty strong, too, but it's going to be back to the drawing board for the analysts now -- and it looks like the only way they can revise their expectations is upwards.
Brightside
Shares in Brightside Group (LSE: BRT) picked up 1.4% to 22.4p on the release of a trading update ahead of full-year results. The AIM-listed insurance broker "expects to report significant growth in turnover and profit in line with market expectations", with total policy sales up 5% on the previous year.
Brightside has reported nice earnings growth over the past few years, with forecasts for this year suggesting a 45% jump in earnings per share. There's a 2% dividend yield expected, from shares on a price-to-earnings ratio of only 7.4.
Finally, useful daily gains from shares can all play their part in making you your first million. But the real secret to becoming rich from shares is simple long-term investing in fundamentally sound companies, and letting steady growth and dividends power your wealth upwards.
If you don't think a million is feasible, read this free Motley Fool report and see if you change your mind. The report won't cost you a penny, so click here to have a copy delivered to your inbox while it's still available.
> Alan does not own any shares mentioned in this article.
