The FTSE 100 (FTSEINDICES: ^FTSE) has started the week positively, gaining 61 points to 6,650 by early afternoon. The international deal over Syria has helped settle fears, and the withdrawal of Larry Summers from consideration for the US Federal Reserve chair has apparently calmed nerves over economic stimulus reduction.
Which individual companies are sharing the FTSE’s good start? Here are three from the various indices on the up today:
Anglo American (LSE: AAL) shareholders have not had a great 12 months as the whole mining sector has been suffering. But there was a modest rise today, of 19.5p (1.2%) to 1,588p after the firm told us that one of its subsidiaries is pulling out of a project that is not now seen as favourable.
Pebble LLC is to withdraw from the Pebble copper project in Alaska, leaving it to the one other participant, Northern Dynasty Minerals. Anglo American chief executive Mark Cutifani explained that “Our focus has been to prioritise capital to projects with the highest value and lowest risks within our portfolio“.
Real estate investment trust SEGRO (LSE: SGRO) has had a better year, with its shares up more than 30%, and today we saw a further upwards blip of 4.6p (1.5%) to 309p, on the news of a £30m acquisition.
SEGRO has purchased a “modern and well located logistics warehouse”, from the Gemini portfolio, in Barking in East London. The 25,500 sq m facility is currently fully let to London City Bond Limited and should provide an initial yield of 6.9%.
Steel mining and processing specialist EVRAZ (LSE: EVR) announced a disposal today, as part of its plan to divest non-core assets, and saw its share price pick up 2.7p (2%) to 142p as a result.
The object of the sale is the firm’s Russian Tsentralnaya TETs heat and power station subsidiary in Novokuznetsk, with the buyer being the Russian Optovaya Elektricheskaya Kompaniya. The deal is essentially about Tsentralnaya’s assets, after the firm recorded a pre-tax loss of $9m for the six months to 30 June.
> Alan does not own any shares mentioned in this article.