Aggreko in US acquisition
3rd Dec 2010 07:22
Temporary power and temperature control specialist Aggreko has beefed up its presence in the oil and gas market with a US acquisition. The company is paying $26m for Northland Power Services, a leading provider of power solutions for the oil and gas exploration and production market in the Rocky Mo
Read moreFriday tips round-up: Shell, Aggreko, Croda...
29th Oct 2010 06:48
Earlier this year, Royal Dutch Shell unveiled its new strategy to return to growth after pedestrian trading for many years. Yesterday's third-quarter numbers show that the company might just manage to pull off its ambitious plans, as quarterly output rose 5%. It is trading on a December 2010 earni
Read moreLondon close: Blue chips can't sustain early gains
28th Oct 2010 16:30
After going into a slump just ahead of midday, Footsie picked up over the lunch time session, helped by expectations of a firm start on Wall Street. The Anglo-Dutch oil giant Royal Dutch Shell grew earnings by 18% in the third quarter compared with a year ago, while the underlying figure rocketed
Read moreLondon afternoon: Stuck in consolidation mode
28th Oct 2010 14:53
After going into a slump just ahead of midday, Footsie picked up over the lunch time session, helped by expectations of a firm start on Wall Street. The Anglo-Dutch oil giant Royal Dutch Shell grew earnings by 18% in the third quarter compared with a year ago, while the underlying figure rocketed
Read moreFTSE 100 movers: ARM recovers
28th Oct 2010 12:57
Footsie is moving ahead today thanks to a wide range of companies. Chip designer ARM is clawing back some of its recent losses. Vodafone has spent another £21.7m on buying back shares. That takes the total spent since 16 September to £464.5m. The share price has risen by more than 8% in the past
Read moreLondon midday: Good morning for blue chips
28th Oct 2010 12:06
London has enjoyed a strong morning with gains widespread following Shell's reassuring figures. The Anglo-Dutch grew earnings by 18% in the third quarter compared with a year ago, while the underlyng figure rocketed 88% to $4.93bn, well ahead of market forecasts. Earnings, on a current cost of sup
Read moreLondon open: Footsie looks to end losing streak
28th Oct 2010 08:15
Stocks have taken their cue from Wall Street, which recovered in late trade Wednesday, and are helped by a fight back at ARM Holdings and buoyant miners. Royal Dutch Shell grew earnings by 18% in the third quarter compared with a year ago, while the figure excluding big one-off items rocketed 88% t
Read moreAggreko to top 2010 estimates
28th Oct 2010 07:45
Revenue jumped 30% at Aggreko on a constant currency basis during the third quarter, and the temporary power and temperature control expert now thinks full-year profit will beat consensus forecasts. The football World Cup in South Africa this summer, a heatwave in America and increase in prices pu
Read moreAggreko bags Bangladeshi contract
25th Oct 2010 18:51
Aggreko, the temporary power and temperature control solutions provider, has won an $180m contract from the Bangladesh Power Development Board (BPDB). The BPDB has asked Aggreko to provide an additional 150 megawatts (mw) of emergency power over a three year period to a gas-fired power plant. Thi
Read moreLondon close: Footsie slumps in last hour
30th Sep 2010 16:48
A last hour slump sent Footsie into the red by the close of a roller-coaster day. The index had been over 50 points higher in mid-afternoon after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. But the Dow turned down sharply soon after, draggin
Read moreLondon afternoon: US GDP data jolts Footsie into life
30th Sep 2010 15:02
Leading equities stormed higher after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. Although this represented a slow-down from the 3.7% gain in the first quarter economists had not been expecting any improvement on the previous estimated gain,
Read moreFTSE 100 movers: Burberry bid rumours
30th Sep 2010 13:42
Luxury brands supplier Burberry is continuing its strong rise during September. The shares are more than one-fifth higher this month. There are rumours of an overseas bidder. Man has made up much of the loss from earlier in the week when it disappointed the market by admitting that first half pr
Read moreAggreko completes hat-trick of big sporting events
30th Sep 2010 07:28
Temporary power and temperature control provider Aggreko has been contracted to provide temporary power generation services for the 2010 Asian Games and Asian Para Games. Under the terms of the $30m contract Aggreko will provide around 65 megawatts of power generation and associated distribution to
Read moreFTSE 100 movers: Credit Suisse starts coverage of Aggreko
17th Sep 2010 15:24
Aggreko is the best performer after Credit Suisse started covering the back-up generator firm with a neutral recommendation. The shares go ex-dividend next Wednesday. The interim dividend is 6.55p a share. Invensys has become the exclusive supplier of railway signalling to Chinese rolling stock ma
Read moreLondon close: US jobs data buoys Footsie
3rd Sep 2010 16:33
Footsie was buoyant as trading closed for the weekend following some well-received US jobs data. The number of Americans who lost their jobs in August was 54,000 compared with predictions of over 100,000. The payrolls count in both the previous two months was also revised higher, exciting another
Read more