MySql - Way to update portion of a string?

Looking for a way to update just a portion of a string via MySQL query.For example, if I have 10 records all containing 'string' as part of the field value (i.e., 'something/string', 'something/stringlookhere', 'something/string/etcetera', is there a way to change 'string' to 'anothervalue' for each row via one query, so that the result is 'something/anothervalue', 'something/anothervaluelookhere', 'something/string/etcetera', is there a way to change 'anothervalue'

Here is a great tip that can save you hours of work. Sometimes you have messed up characters in your database - wrong character encodings - or you want to strip out some text in a certain table's field. In phpMyAdmin, open up the SQL dialog and use the following code (change tablename and tablefield to your name and field values):

UPDATE table SET field = REPLACE(field, 'string', 'anothervalue') WHERE field LIKE '%string%';