Monday broker round-up
8th Feb 2016 15:02
(ShareCast News) - Petrofac: Goldman Sachs downgrades to neutral with a target of 909.8p. G4S: Jefferies downgrades to underperform with a target price of 170p. Cairn Energy: RBC keeps at outperform, 200p target. Wood Group: Goldman Sachs downgrades to sell, 517.6p target. Amec Foster Wheeler: No
Read moreAmec Foster Wheeler wins US Air Force contract
2nd Feb 2016 07:49
(ShareCast News) - Amec Foster Wheeler has been awarded a seven-year contract by the US Air Force. The oil and gas engineering firm said it has won a prime contractor position on the Air Force Civil Engineer Center (AFCEC) Architect-Engineering 2013 services contract starting September 2015. The co
Read moreFTSE 250 movers: Petrofac, Acacia Mining, Virgin Money
22nd Jan 2016 14:24
(ShareCast News) - A second day of large gains saw West Texas Intermediate crude oil futures clock in with their biggest two-day advance since August 2015. According to Blacrock's chief, institutionals began wading into financial markets as far back as last Wednesday. Dovish remarks from the ECB's M
Read moreFTSE 250 movers: Miners a drag on second tier
18th Jan 2016 15:25
(ShareCast News) - The FTSE 250 continued to slide on Monday, dropping 188.52 points (1.17%) to 15,972.08 by mid-afternoon. Vedanta Resources led a bunch of miners featuring on the fallers list, after JP Morgan Cazenove re-evaluated its stance on the mining sector. In a note released on Monday, the
Read moreAmec Foster Wheeler CEO steps down
18th Jan 2016 07:30
(ShareCast News) - Amec Foster Wheeler's chief executive Samir Brikho is stepping down from his role, the oil and gas engineer announced alongside a very brief trading update. Chief financial officer Ian McHoul has been appointed to the role of interim CEO with immediate effect and will chair the gr
Read moreAmec Foster Wheeler awarded South African contract
18th Dec 2015 07:44
(ShareCast News) - Amec Foster Wheeler underpinned its South African operations on Friday, and extended its relationship with miner Petra Diamonds, with the announcement of a new partnership in the country. The FTSE 250-listed company confirmed the award of an Engineering Procurement and Constructio
Read moreAmec Foster Wheeler alliance to upgrade power network
2nd Dec 2015 08:09
(ShareCast News) - Amec Foster Wheeler has founded an alliance with Clancy Docwra, McNicholas and Morrison Utilities Services to implement a £1bn infrastructure programme in the UK over the next 12 years. Working with UK Power Networks, the four companies will refurbish and upgrade electricity subst
Read moreFTSE 250 movers: Tullett Prebon and ICAP acquisition talks boost market
6th Nov 2015 13:47
(ShareCast News) - The FTSE 250 is on track to finish the week on a high, with the market up 99.55 points (0.58%) mid-afternoon Friday to 17,216.68 points. Tullett Prebon and ICAP were the biggest risers on the back of confirmation that Tullett Prebon is in discussions regarding the possible acquisi
Read moreCiti, UBS downgrade Amec but SocGen keeps at 'buy' after share price slump
6th Nov 2015 12:00
(ShareCast News) - Amec Foster Wheeler shares were under pressure again on Friday, having suffered heavy losses in the previous session when the oil and gas engineering services company said it was cutting its dividend by half amid tough market conditions. Citigroup downgraded the stock to 'neutral'
Read moreFriday newspaper share tips: Sell as Amec Foster Wheeler faces more pain
6th Nov 2015 11:43
(ShareCast News) - Traders should sell shares in Amec Foster Wheeler as the company prepares for the long haul, according to The Telegraph's Questor. The oil and gas engineering services company announced on Thursday it was cutting its dividend by half and lifting its cost-savings target from £120m
Read moreFriday broker round-up
6th Nov 2015 11:14
(ShareCast News) - Weir Group: Citigroup downgrades to neutral. Target price: 1200.00p Amec Foster Wheeler: UBS downgrades to neutral, cuts target price to 600.00p. Citigroup downgrades to neutral. JP Morgan Cazenove reiterates to overweight, reduces target price to 739.00p Rsa Insurance Group:
Read moreLondon close: Copper prices weigh on Footsie despite dovish MPC
5th Nov 2015 16:36
(ShareCast News) - Equities ended near their worst levels of the day despite a dovish set of minutes from the Bank of England's last Monetary Policy Committee meeting, weighed down by a further drop in commodity prices. Following its meeting, the MPC said there were downside risks to growth
Read moreAmec Foster Wheeler slashes dividend, sees long oil weakness
5th Nov 2015 08:45
(ShareCast News) - Shares in Amec Foster Wheeler tumbled after the oil and gas engineering services company announced it was cutting its dividend by half and lifting its cost-savings target for the year amid tough market conditions. The company increased its cost savings target by $55m to $180m (£12
Read moreFTSE 250 movers: Oil bounce and Drax retrofit news fire mid-caps
4th Nov 2015 14:07
(ShareCast News) - After a strong start on Wednesday, the FTSE 250 lost momentum but by mid-afternoon was still in positive territory, helped by an oil price bounce. Lifted by a 40-point rise in crude oil, due to a strike in Brazil that is estimated to have put a 25% dent into Brazilian production,
Read moreFTSE 250 movers: Tullow Oil rockets, but BBA Aviation crashes on broker downgrade
1st Oct 2015 13:43
(ShareCast News) - London's FTSE 250 index was up 0.7% to 16,791.70 at 1525 BST on Thursday, as the broader market bounced back from recent losses and got a boost from better-than-expected UK manufacturing data. Shares in oil exploration and production company Tullow Oil rocketed after it said its l
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