FTSE 250 movers: Oil stocks surge as crude prices rise
28th Jan 2016 14:43
(ShareCast News) - The FTSE 250 was back in the red by mid-afternoon on Thursday, down 12.76 points (0.08%) to 16,268.22. Melrose Industries was the biggest faller after it returned around £2.4bn in cash back to shareholders. The company gave 240p for each share held after the £3.3bn disposal of its
Read moreFTSE 250 movers: IMI downgrade sees market dip into red
25th Jan 2016 15:11
(ShareCast News) - The FTSE 250 was flip-flopping between the black and the red on Monday, with the second-tier market relatively flat by mid-afternoon, down just 9.12 points (0.06%) to 16,118.87. IMI took the biggest hit after Credit Suisse downgraded the engineer from 'neutral' to 'underperform' a
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 moreBroker tips: ASOS, Domino's Pizza, top picks in oil and gas
17th Dec 2015 15:26
(ShareCast News) - Peel Hunt upgraded ASOS to 'buy' from 'hold' and raised the price target to 4,000p from 3,750p. "ASOS is clearly back on the front foot. Not only do we expect strong momentum in sales , but the prior-year focus on full price sales has continued into Q1, with lower discount activit
Read moreUBS sees value in BG/Royal Dutch Shell, Tullow, Premier Oil
16th Dec 2015 12:19
(ShareCast News) - Going into 2016 - and despite oil prices being at around seven-year lows - UBS said it was the most optimistic in nearly two years and saw value in the shares of several companies in the space. "Although oil prices currently look unsustainably low for some operators, we can see a
Read moreLondon pre-open: Stocks seen higher as FOMC meeting looms
15th Dec 2015 07:30
(ShareCast News) - London stocks are set to open higher, rebounding from the previous session's oil-led losses following a positive session on Wall Street. The FTSE 100 is expected to open 60 points higher than Monday's close at 5,934. On the data front, the UK consumer price index is at 0930 GMT a
Read morePetrofac's ECOM division already logged orders of $8.8bn for 2015
15th Dec 2015 07:14
(ShareCast News) - Petrofac's Engineering, Construction, Operations & Maintenance (ECOM) division has already logged orders of $8.8bn (£5.8bn) for the year. In a trading update released on Tuesday, the company said it was driven by a major milestone on the Laggan-Tormore project. It revealed that a
Read morePetrofac wins contracts worth USD400M
14th Dec 2015 07:54
(ShareCast News) - Oilfield services company Petrofac said it has secured contract extensions and new business worth around $400m (£263m). Petrofac said it had won a two-year contract extension from Centrica for work on its 8A platform in the Rough field. There was also a contract win with EnQuest
Read moreFTSE 250 movers: AO World surges but energy-related stocks slump on oil price
7th Dec 2015 14:00
(ShareCast News) - London's FTSE 250 was up 0.3% to 17,417.09 at 1430 GMT, tracking broader gains as equity markets recouped last week's losses. Shares in AO World surged on Monday after the online electrical appliance retailer said fund manager Ruane, Cunniff & Goldfarb has taken a 5% stake in the
Read morePetrofac secures gas programme contract from Saudi Aramco
16th Nov 2015 07:46
(ShareCast News) - Petrofac has been awarded a contract by Saudi Aramco to undertake the engineering, procurement, and construction of a sulphur recovery plant as part of the company's Fadhili programme. Fadhili is a greenfield development located 30 km west of the city of Jubail in the eastern prov
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: Oil companies and oilfield services on the slide
19th Oct 2015 14:52
(ShareCast News) - The FTSE 250 crawled back into positive territory on Monday afternoon after the UK mid-cap lost momentum from its early spike. By 1550 BST the index was up 0.12% at 16,913.29, helped along by the steady climbing of Pace despite the set-top box maker's £1.4bn proposed merger with U
Read moreFTSE 250 movers: Vedanta gains on production report
9th Oct 2015 14:08
(ShareCast News) - London's FTSE 250 index edged higher on Friday and by 1500 BST was up 0.6% to 17,111.22, rising in line with the broader markets as investors welcomed dovish minutes from the Federal Reserve. Vedanta Resources surged after saying production rose in the first half across most of it
Read morePetrofac terminates contract with ZPMC
9th Oct 2015 07:08
(ShareCast News) - Petrofac has terminated its contract with ZPMC. The oil and gas service provider announced the decision on Friday after performance issues over the construction of its deepwater multi-purpose offshore vessel. Chief executive Ayman Asfari said the board is reviewing its options.
Read moreFTSE 250 movers: Kaz Minerals shoots higher as copper gains; Playtech slumps
5th Oct 2015 14:34
(ShareCast News) - London's mid-cap index was up 1.7% to 17,084.45 at 1450 BST, tracking broader gains in the market as last week's disappointing nonfarm payrolls report prompted investors to push back expectations of a Federal Reserve rate hike. Kaz Minerals shot higher as copper prices added 1% ei
Read more