Thursday newspaper round-up: Cameron, Tata, Petrofac
7th Apr 2016 07:13
(ShareCast News) - David Cameron personally intervened in 2013 to weaken an EU drive to reveal the beneficiaries of trusts, creating a possible loophole that other European nations warned could be exploited by tax evaders. The disclosure of the prime minister's resistance to opening up trusts to ful
Read morePetrofac secures $250m North Sea contract
11th Mar 2016 07:55
(ShareCast News) - FTSE 250 oil services group Petrofac has secured a five-year contract worth around $250m (£175m) to act as duty holder supporting Anasuria Operating Company, which is a joint venture between Hibiscus Petroleum Berhad and Ping Petroleum. The Anasuria cluster licences are located 1
Read moreFriday broker round-up
4th Mar 2016 16:52
(ShareCast News) - Coca-Cola Hbc: HSBC upgrades to neutral with a target price of 1423p. Petrofac: Citigroup downgrades to neutral. Redefine International: JP Morgan upgrades to neutral with a target price of 50p. William Hill: UBS downgrades to sell with a target price of 365p. Euromoney Interna
Read moreBroker tips: Petrofac, ITV, Rightmove
2nd Mar 2016 12:48
(ShareCast News) - Investec downgraded Petrofac to 'hold' from 'buy' saying investors should pause for breath following the recent strong rally in the share price, but lifted the price target to 940p from 780p. "Debt is a dirty word in the oilfield services sector currently, and the unexpectedly sh
Read moreInvestec downgrades Petrofac after share price rally
2nd Mar 2016 10:30
(ShareCast News) - Investec downgraded Petrofac to 'hold' from 'buy' saying investors should pause for breath following the recent strong rally in the share price, but lifted the price target to 940p from 780p. "Debt is a dirty word in the oilfield services sector currently, and the unexpectedly sha
Read moreFTSE 250 movers: Oil prices help producers and service providers surge
26th Feb 2016 15:05
(ShareCast News) - The FTSE 250 was in the black by mid-afternoon on Friday, up 173.01 points (1.05%) to 16,572.08. Oil producers and service companies featured heavily on the risers, as oil prices continued to rebound. At 1527 GMT, West Texas Intermediate was up 1.64% to $33.62, while Brent crude
Read moreBroker tips: Petrofac, Lloyds, Next
25th Feb 2016 15:35
(ShareCast News) - Jefferies upgraded Petrofac to 'buy' from 'hold' and lifted the price target to 855p from 745p. It said the company's 2015 results emphasised the return to Petrofac's original and still core business offering, Onshore E&C, in the Middle East. On Wednesday, the oilfield services p
Read morePetrofac calls in Brammer non-exec
25th Feb 2016 15:06
(ShareCast News) - Andrea Abt, a non-executive director at Brammer, is to be appointed as a non-executive director of Petrofac with effect from 19 May. In a statement to the London Stock Exchange, the oilfield services company also said George Pierson would be taking up a non-executive role as well.
Read moreThursday broker round-up
25th Feb 2016 13:08
(ShareCast News) - Petrofac: Jefferies upgrades buy with a target price of 855p, JP Morgan reiterates overweight with a target of 944p and Citigroup stays at buy. Merlin Entertaiments: Panmure Gordon reiterates buy with a target price of 480 and Shore Capital stays at hold. Wentworth Resources: Inv
Read moreJefferies upgrades Petrofac to 'buy'
25th Feb 2016 12:10
(ShareCast News) - Jefferies upgraded Petrofac to 'buy' from 'hold' and lifted the price target to 855p from 745p. It said the company's 2015 results emphasised the return to Petrofac's original and still core business offering, Onshore E&C, in the Middle East. On Wednesday, the oilfield services p
Read moreFTSE 250 movers: IPF plunges after profit dips
24th Feb 2016 15:36
(ShareCast News) - The FTSE 250 had undone the week's gains on Wednesday, dropping 140.42 points (0.87%) to 16,088.78 by mid-afternoon. Shares in International Personal Finance plunged after the company's full year revenue and profit before tax dipped. The credit business reported revenue dropped f
Read moreLaggan-Tormore delays hit Petrofac's profit
24th Feb 2016 07:37
(ShareCast News) - Petrofac's annual profit has plunged due to delays in getting production up and running at its Laggan-Tormore plant and the costs associated with it. The FTSE 250 company said on Wednesday that for the calendar year, it made a net profit of $9m (£6.4m), down from $581m in 2014. T
Read moreWednesday broker round-up
10th Feb 2016 16:22
(ShareCast News) - Virgin Money: Nomura starts coverage at buy with a target of 445p. Domino's Pizza: Credit Suisse upgrades to outperform with a target price of 1100p. BBA Aviation: Goldman Sachs downgrades to neutral with 181p target. Greencore: Societe Generale reiterates hold with a 386p targe
Read moreMonday 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 moreLondon close: Stocks end lower on lacklustre UK GDP
28th Jan 2016 16:07
(ShareCast News) - London stocks ended lower on Thursday after uninspiring UK fourth quarter economic growth data. The Office for National Statistics said UK gross domestic product rose 0.5% quarter-on-quarter in the final three months of 2015, up from 0.4% in the third quarter, as expected by analy
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