Sector movers: Petrofac profit warning sinks oil services stocks, OPEC meeting eyed
24th Nov 2014 15:11
A profit warning from blue-chip oilfield services group Petrofac rattled the oil services, equipment and distribution sector in London on Monday, with stocks falling by an average 10%. There was nervousness ahead of a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC) on Thu
Read moreJupiter CIO Chatfeild-Roberts pockets £2.3m
6th Nov 2014 15:46
John Chatfeild-Roberts, the chief investment officer of Jupiter Fund Management, has trousered a tidy £2.29m after selling shares in an options deal a few weeks after they recovered from 12-month lows. Chatfeild-Roberts, who heads the Merlin multi-manager team and has been at Jupiter since 2001, sol
Read moreGetech's annual pre-tax profits drop
4th Nov 2014 15:53
Getech, the oil services business specialising in the provision of exploration data and petroleum systems evaluations, on Tuesday reported a drop in annual pre-tax profit as revenue fell. Profit before tax fell to £1m from 2013's £2.2m, as revenue declined to £6.5m from £8m the prior year. Earnin
Read moreGetech scores its largest ever contract
8th Sep 2014 08:56
AIM-listed Getech has landed its largest ever single new contract, worth $5m. The geosciences business said the new services contract, which was awarded by the Angolan National Oil Company, would be carried out by its commissions division. Getech said the majority of the income from the project wil
Read moreWednesday broker round-up UPDATE
13th Aug 2014 09:55
Caledonia Mining: Numis lowers target price from 100p to 90p retaining a buy recommendation. Chemring Group: Panmure Gordon initiates with a target price of 328p and a buy recommendation. CLS Holdings: Liberum Capital raises target price from 1551p to 1647p and keeps a buy recommendation. CSR: Je
Read moreGetech Group signs $2m contract
11th Jun 2014 08:01
AIM-listed petroleum and minerals firm, Getech Group, announced it has secured a $2m contract with an unnamed US oil and gas company. Under the terms of the contract the group will be supplied with a long term licence for regional high resolution gravity and magnetic data. The group had previously
Read moreTuesday broker round-up UPDATE
10th Jun 2014 09:45
ASOS: Goldman Sachs reduces target price from 6250p to 5750p, while upgrading to strong buy. Avon Rubber: Investec lowers target price from 690p to 680p and downgrades from buy to add. BAE Systems: Investec downgrades from add to hold with a target price of 430p. BG Group: Exane downgrades to neu
Read moreGetech warns results will be significantly below expectations
10th Jun 2014 08:56
AIM-listed Getech has warned that as a result of slow purchasing levels by clients, it now anticipates that its results for the 12 months ended July 31st will be "significantly below market expectations". The group explained that the low purchasing levels experienced were in common with the wider
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreFour Babcock directors build stakes after exercising options
14th Aug 2013 16:49
Four members of Babcock's board of directors exercised share awards in the engineering support services firm over the past few days, building their stakes following a strong rise in the share price so far this year. Babcock has performed relatively well in 2013 despite the ongoing wider market vola
Read morePolymetal International Chief buys 100,000 shares
19th Apr 2013 08:12
The Chief Executive Officer of Polymetal International has purchased 713,750 pounds-worth of shares, just two days after the FTSE 100 mining group reported that the Mayskoye mine in Russia had produced its first dry gold concentrate. Vitaly Nesis celebrated the news with the purchase of 100,000 sh
Read moreSector movers: Oil services hit by Wood Group disappointment
13th Dec 2012 15:45
Wood Group dragged the oil services sector into the red on Thursday following a pre-close trading update which pointed to mixed trading in its Engineering division. The company said that it expects to deliver "good growth" this year in line with expectations, but shares dropped 3.7% to 740p in afte
Read moreGETECH director sells third of stake
20th Nov 2012 16:58
Peter Stephens, a Non-Executive Director of GETECH, an oil services business specialising in the provision of exploration data and geological exploration studies, earned a tidy sum after trading in around a third of his stake in the company. Stephens sold 550,000 ordinary shares at 42.00p each for
Read moreAdmiral director stocks up following upbeat note from Merrill Lynch
12th Nov 2012 16:15
Cheryl Sussens, the wife of the Non-Executive Director John Sussens, has bought 10,000 shares in car insurer Admiral, a purchase which follows a positive note out from analysts at Bank of America Merrill Lynch last Friday. Sussens, who was appointed as the Senior Independent Non-Executive Director
Read moreGetech rubbing its hands as oil prices rise
31st Oct 2012 15:22
High oil prices may be an enduring pain for motorists but they are proving a boon to Getech, the oil services business specialising in the provision of exploration data and petroleum systems studies and evaluations. "Continued high oil prices have led to companies expanding their international expl
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