Rolls-Royce Holding PLC (LON: RR), Senior plc (LON: SNR) and 888 Holdings (LON: 888) are all climbing.
The FTSE 100 is up 83 points at midday to 6,375, despite the loss of the UK's AAA credit rating. Though the pound is under pressure, fears of the US and Japan ending their economic stimulus policies in the near future appear to be receding after the US Federal Reserve has been talking up its bond-buying policy.
Plenty of individual shares are climbing, too. Here are three that are on the up today:
Rolls-Royce Group (LSE: RR) shares perked up modestly, gaining 4p (0.4%) to 1,042p on the announcement of a new contract. The firm told us that it "has been awarded a US$40 million contract to supply equipment and related services to power the flow of natural gas through the Uzbekistan section of the Turkmenistan-China natural gas pipeline".
Rolls-Royce shares have risen steadily from a level of 260p in early 2009 to today's price, rewarding patient investors with a nice four-bagger. With earnings rises forecast for the next two years and the shares on a 2013 price-to-earnings (P/E) ratio of 16, are they still a bargain? That's for you to decide.
Shares in Senior (LSE: SNR) climbed last Friday in anticipation of today's results, and they're up another 14.3p (6.5%) to 235.6p now that the figures are out. That takes the shares up 20% over the past 12 months, and that has pretty much all come since the new year.
Revenue for the year to December rose by 14% to £729.8 million, with adjusted pre-tax profit up 17% to £91.1 million and adjusted earnings per share up 22% to 17.75p -- putting the shares on a P/E of 13. The aerospace and defence engineer was able to lift its full-year dividend by 22% to 4.65p per share, for a yield of 2%.
Shares in 888 Holdings (LSE: 888) have been seriously soaring of late, and are up another 12.5p (8.4%) to 161p today. The price has just about trebled from a low of around 54p about a year ago, with a 40% rise in the past two weeks.
The online gaming operator told us of a 7% rise in revenues in its fourth quarter on 4 February, with a 13% revenue rise for the full year, to $376 million. Current expectations put the shares on a P/E of 19, even after the dramatic price rise of the past year. Results are expected on 13 March.
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> Alan does not own any shares mentioned in this article.