Friday broker round-up
12th Aug 2016 09:36
(ShareCast News) - Britvic: Berenberg reiterates buy with a target price of 775p. RSA Insurance: Deutsche Bank maintains hold with a 525p target. GlaxoSmithKline: JP Morgan reiterates neutral with a 1900p target. Amec Foster: Goldman Sachs stays at buy with a 691,1p target. A.G. Barr: Berenberg d
Read moreAmec Foster Wheeler leads gains among oil equipment and service stocks
9th Aug 2016 19:10
(ShareCast News) - Oil equipment and services stocks saw another day of gains, with shares in Amec Foster Wheeler spearheading the advance in the wake of its latest interim figures. Amec reported higher sales and lower earnings in the first half of the year which were better than the market expected
Read moreAmec Foster Wheeler beats first-half forecasts, review due in autumn
9th Aug 2016 08:38
(ShareCast News) - Amec Foster Wheeler's higher sales and lower earnings in the first half were better than the market expected, while the engineer also impressed with cost cutting and its continued expansion into renewable energy. Revenue in the six months to 30 June of £2.8bn was up 7% on the same
Read moreAmec Foster Wheeler wins two contracts with Repsol Sinopec
12th Jul 2016 07:18
(ShareCast News) - Amec Foster Wheeler said it had won two long-term major services contracts as part of Repsol Sinopec Resources UK's long-term transformation and commitment to the North Sea. Both contracts are for an initial three-year term with up to two one year extensions. The new contracts ar
Read moreAmec Foster Wheeler starts work on new US project
5th Jul 2016 07:43
(ShareCast News) - Amec Foster Wheeler has started work on an engineering, procurement and construction contract for Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) for a treatment project in Trimble County, Kentucky. The FTSE 250 oil and gas services company, for whic
Read moreAmec wins £75m UK MoD submarine contract
29th Jun 2016 07:26
(ShareCast News) - Amec Foster Wheeler said it has won a £75m UK Ministry of Defence contract to supply independent nuclear propulsion safety and technical advice for the Royal Navy's submarine flotilla. The contract, awarded after a competitive tender, will run over five years. The work will be del
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read moreAmec FW appoints Halliburton man as new CEO, Q1 sales down
27th Apr 2016 08:21
(ShareCast News) - Amec Foster Wheeler has appointed 20-year Halliburton veteran Dr Jon Lewis as its new chief executive, and reported a decline in first-quarter sales. In the three months to the end of March, the engineering group generated revenue of £1.3bn, which was down 1.5% against last year's
Read moreTuesday broker round-up
26th Apr 2016 13:09
(ShareCast News) - Premier Foods: Jefferies upgrades to buy with a 60p target. Aberdeen Asset Management: Citigroup downgrades to sell with a 265p target. Smiths Group: Jefferies keeps at buy with a target price of 1100p and Credit Suisse reiterates outperform with a target of 1275p. Close Brother
Read moreMonday broker round-up
11th Apr 2016 16:20
(ShareCast News) - Phoenix Group: JP Morgan downgrades to neutral with a target price of 942p. Fresnillo: RBC downgrades to underperform with a target price of 750. Jupiter Management: UBS reiterates neutral with a target price of 410p and Jefferies keeps at buy, 472p target. Petrofac: Nomura keep
Read moreAmec swings to loss in 2015 but outlook welcomed
10th Mar 2016 09:16
(ShareCast News) - Amec Foster Wheeler said it swung to a loss in 2015 but shares in the oil and gas engineer rose sharply as investors welcomed the company's debt line and outlook. The group posted a pre-tax loss of £235m compared with a profit of £155m in 2014 amid challenging conditions in the oi
Read moreAmec Foster Wheeler surges on US Air Force contract win
4th Mar 2016 12:03
(ShareCast News) - Shares in Amec Foster Wheeler surged on Friday after the oilfield services firm said it has secured a seven-year contract with the US Air Force. The FTSE 250 company said it has been awarded prime contractor position on the Air Force Civil Engineer Center (AFCEC) Architect-Enginee
Read moreAmec Foster secures £125m contract with BP
3rd Mar 2016 10:41
(ShareCast News) - Engineering services company Amec Foster Wheeler has secured a one-year engineering, procurement and construction contract with BP worth £125m. The contract is to build a new refrigeration plant that will maintain efficient operations across BP's Forties pipeline system. It cover
Read moreAmec Foster Wheeler completes debt refinancing
2nd Mar 2016 08:33
(ShareCast News) - Amec Foster Wheeler has completed a £1.7bn refinancing of its main debt facilities. The engineering services company said the new facility with a syndicate of 20 banks includes a three year £650m term loan, a five-year £650m term loan and a five-year £400m revolving credit facilit
Read moreAmec Foster Wheeler wins US defence construction contract
23rd Feb 2016 06:59
(ShareCast News) - Amec Foster Wheeler has won a $183m contract from the US Army Corp of Engineers (ASACE) to help build at the Aegis missile site in Poland. The FTSE 250 company will provide USACE with launcher foundations, apron and crane pads, power plant facilities, warehouses and affiliated
Read more