FTSE 100 movers: Land Securities provides lift to property groups
25th Jun 2014 15:50
Bid target Shire was propelled higher after it received a boost from the US courts, which blocked competitors from selling generic versions of its Vyvanse branded drug for attention-deficit hyperactivity disorder (ADHD). Land Securities's decision to take a 30% stake in shopping centre Bluewater
Read moreLondon midday: Iraq concerns push stocks lower ahead of US data
25th Jun 2014 11:30
- FTSE 100 on track to close at two-month low - Iraq situation worsens, Ukraine still in focus - Bunzl disappoints with trading update - Oil stocks fall, real estate gains techMARK 2,794.32 -0.53% FTSE 100 6,744.97 -0.62% FTSE 250 15,458.96 -0.57% UK stocks were firmly in the red on Wednesday as o
Read moreLondon open: UK stocks near two-month low as Iraq fighting escalates
25th Jun 2014 08:32
- Syria carries out airstrikes in Iraq - Ukraine in focus as West considers more sanctions against Russia - US GDP to be revised lower techMARK 2,796.66 -0.44% FTSE 100 6,747.40 -0.58% FTSE 250 15,499.81 -0.30% UK stocks dropped sharply on Wednesday morning with the FTSE 100 trading at levels not
Read moreBowleven derisks with Etinde farmout, ending Petrofac deal
24th Jun 2014 12:26
Africa-focused oil and gas explorer Bowleven has achieved its much anticipated farm-out agreement on its Etinde Permit offshore Cameroon. The AIM-listed company has farmed out two thirds of its 75% stake in Etinde to Russia's Lukoil and private equity-backed explorer NewAge for $250m. In return fo
Read moreLondon pre-open: Limited gains expected on FTSE ahead of BoE report
24th Jun 2014 07:40
London's blue chips look set move slightly higher early on, with direction limited after a mixed performance in both the States and Asia overnight. Ahead of the Bank of England's (BoE) latest inflation report due out later today, the FTSE 100 is expected to edge around 10 points above yesterday's
Read morePetrofac maintains guidance as order backlog hits record - UPDATE
24th Jun 2014 07:08
Oilfield services group Petrofac enjoyed a good start to the year with new orders swelling its backlog to record levels and results remaining in line with previous guidance for the full year. The company said its Engineering, Construction, Operations & Maintenance (ECOM) division has suffered no s
Read moreSector movers: Kentz takeover sparks oil services stocks
23rd Jun 2014 13:50
The oil equipment, services and distribution sector was rising strongly today, helped by a soaring share price of engineer Kentz after a £1.2bn cash offer from Canadian rival SNC-Lavalin. Kentz, which provides engineering and construction services to clients in the energy and resources sectors, saw
Read moreFTSE 100 movers: Precious metals miners lead gains
16th Jun 2014 15:05
Fresnillo, Randgold Resources, Glencore, BHP Billiton and Anglo American were all tracking metals prices higher. Glencore was also lifted by Investec, which moved its target price from 302p to 319p and upgraded the stock from 'reduce' to 'hold'. Driven higher by supply concerns, rising oil prices
Read moreLondon midday: Stocks extend multi-week lows on Iraq fears
16th Jun 2014 11:29
- Stocks inch lower, trading at six-week low - Markets "pause for breath" after sell-off, says analyst - Iraq concerns keep pushing crude prices higher - Smith & Nephew falls on Medtronic-Covidien tie-up techMARK 2,792.67 -0.80% FTSE 100 6,759.65 -0.27% FTSE 250 15,680.35 -0.85% Bargain hunters we
Read moreLondon open: Iraq tensions continue to pull stocks lower
16th Jun 2014 08:50
- Iraq tensions continue to push crude higher - Fed meeting in focus this week - Smith & Nephew falls as Medtronic buys Covidien techMARK 2,798.75 -0.58% FTSE 100 6,770.86 -0.10% FTSE 250 15,741.74 -0.46% UK stocks edged lower on Monday morning as ongoing tensions in Iraq continued to erode risk a
Read moreLondon midday: Stocks rangebound as investors turn cautious
28th May 2014 11:38
- Eurozone data comes in mixed, German unemployment weak - Markets cautious after recent highs - RBS, LSE lead financials high - GSK to be investigated by UK fraud body techMARK 2,788.03 +0.06% FTSE 100 6,849.21 +0.06% FTSE 250 15,890.88 +0.30% UK stocks were trading in a narrow range on Wednesday
Read morePetrofac wins $970m services contract
28th May 2014 09:54
International oil and gas services provider Petrofac has landed a 36-month contract worth more than 970m dollars on the Reggane North Development Project in the Algerian Sahara desert. Under the contract, which was awarded by partnership Groupement Reggane, Petrofac will undertake the engineering,
Read moreLondon close: FTSE lifted by gains in US, eyes on BoE, retail sales
21st May 2014 16:59
- FTSE closes up 19.04 points at 6,821.04 - Retail figures, BoE in focus - April mortgage lending up by more than a third techMARK 2,735.35 +1.07% FTSE 100 6,821.04 +0.28% FTSE 250 15,603.20 +1.06% A rise in stocks on the other side of the Pond helped drive blue chips into positive territory by to
Read moreFTSE 100 movers: Petrofac rises on Barclays upgrade
21st May 2014 15:28
Petrofac climbed after Barclays raised its recommendation for the UK's largest oil and gas engineer. An increase in oil prices also boosted the sector with both Brent and West Texas Intermediate crude futures higher. Burberry's annual revenue rose 17% to £2.3bn, boosted by strong retail sales. The
Read moreSector movers: Oil stocks led higher by Petrofac
21st May 2014 14:36
Petrofac lifted oil equipment, services and distribution stocks higher after Barclays raised its recommendation for the UK's largest oil and gas engineer. An increase in oil prices also boosted the sector with both Brent and West Texas Intermediate crude futures higher. Technology stocks were als
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