London midday: Minutes show first signs of split in MPC
21st May 2014 12:15
- AstraZeneca leads gains - UK retail sales surge by 1.3 per cent on the month - Minutes show differences of opinion amongst MPC techMARK 2,718.19 +0.43% FTSE 100 6,794.51 -0.11% FTSE 250 15,526.03 +0.56% Change is in the air at the Bank of England; indeed, perhaps not massive change, but change n
Read morePetrofac wins contract for project in Algerian Sahara desert
16th May 2014 07:56
Oil and gas services provider Petrofac has scored a 970m-dollar contract with consortium Groupement Reggane for the Reggane North Development Project in the Algerian Sahara desert. Groupement Reggane, which includes Algerian state-owned company Sonatrach, Spain's Repsol Germany's RWE Dea AG and Edi
Read moreLondon close: Miners drive FTSE higher
12th May 2014 16:59
- FTSE closes up 37.18 points - Miners rise on JPMorgan Chase - CBI ups outlook for GDP techMARK 2,794.57 +0.44% FTSE 100 6,851.75 +0.55% FTSE 250 15,981.35 +0.61% Miners lifted the FTSE firmly higher today, getting the week off to a positive start despite the latest developments in Eastern Europe
Read moreFTSE 100 movers: Miners rise on JPMorgan comments
12th May 2014 15:20
Upbeat comments from JPMorgan Chase & Co and a good performance on Chinese markets overnight gave the mining sector a boost today. The US bank upgraded its rating for the European mining sector from 'underweight' to 'overweight' on the back of falling costs and improving demand from China. Rio Ti
Read moreMonday broker round-up UPDATE
12th May 2014 10:06
Atkins (WS): Numis upgrades from add to buy with a target price of 1650p. Barclays: Credit Suisse moves target price from 260p to 275p and retains a neutral rating. Brit: Numis initiates with a target price of 290p and a buy recommendation. British Sky Broadcasting: JP Morgan raises target price
Read moreLondon close: Traders book profits ahead of key risk events
9th May 2014 16:59
- FTSE closes down 24.68 points at 6,814.57 - Permanent salaries grow at quickest since 2007 - Petrofac slumps - NIESR ups UK growth forecasts techMARK 2,782.32 -0.89% FTSE 100 6,814.57 -0.36% FTSE 250 15,885.21 -0.52% UK stocks ended the final session of the week in the red, weighed by Petrofac a
Read moreSector movers: Oil services stocks hammered by Petrofac profit warning
9th May 2014 15:30
Oil equipment and services stocks were hit on Friday by a profit warning from sector heavyweight Petrofac, which said that its bottom line in 2014 is likely to weaken due to lower-than-expected earnings from its Integrated Energy Services (IES) division. The company is guiding to a net profit for t
Read moreFTSE 100 movers: Petrofac dives on profit warning
9th May 2014 15:08
Shares in oilfield services firm Petrofac have sunk more than 15 per cent today after the company warned on profits, saying its bottom line in 2014 is likely to weaken due to lower-than-expected earnings from its IES division. The company, which had previous guided to 'flat to modest growth' in net
Read moreIthaca Energy faces delays with North Sea rig
9th May 2014 12:16
North Sea oil and gas explorer Ithaca Energy announced delays and higher costs in building a rig for a North Sea drilling programme, sending its shares down. Ithaca said construction works on its floating production facility (FPF) being built in Poland by Petrofac had taken longer than expected, me
Read moreLondon midday: Stocks pull back on earnings, Petrofac plummets
9th May 2014 11:35
- Petrofac delivers profit warning, IAG and Friends Life fall - Stocks pull back from recent highs - Chinese inflation slows to 18-month low techMARK 2,789.07 -0.65% FTSE 100 6,817.83 -0.31% FTSE 250 15,908.47 -0.38% UK stocks retreated from a near 11-week high on Friday with a raft of disappointi
Read moreLondon open: Petrofac leads fallers as stocks pull back from 11-week high
9th May 2014 08:31
- Petrofac drops after profit warning - FTSE 100 pulls back from highest since Feb 24th - IAG impresses with first quarter, Friends Life falls techMARK 2,792.72 -0.52% FTSE 100 6,823.10 -0.24% FTSE 250 15,899.90 -0.43% UK stocks pulled back from its highest level in nearly 11 weeks on Friday morni
Read moreLondon pre-open: FTSE to decline early on
9th May 2014 07:40
The FTSE is set for a decline early on ahead of what is set to be a reasonably light day for both data and corporate news. The top tier index is expected to open around 17 points below yesterday's close of 6,839.25. The Dow Jones Industrial Average closed modestly higher last night after data sho
Read morePetrofac delivers profit warning on IES struggles
9th May 2014 07:09
- Net profit to be 580-600m dollars this year - Previously guided to 'flat to modest growth' on 2013 - IES division delivers lower-than-expected earnings Oilfield services group Petrofac delivered a profit warning on Friday, saying that its bottom line in 2014 is likely to weaken due to lower-than-
Read morePetrofac wins German North Sea wind contract
15th Apr 2014 10:49
Oil and gas services provider Petrofac has won a major contract for offshore wind farm grid connection in the German North Sea. In consortium with Siemens, Petrofac won the contract from TenneT, the German-Dutch transmission grid operator, for its BorWin3 offshore wind farm which begins commercial
Read moreThursday broker round-up UPDATE
10th Apr 2014 09:23
AMEC: Canaccord Genuity takes target price from 1350p to 1400p and leaves its buy recommendation unaltered. Atkins (WS): Numis ups target price from 1600p to 1650p, while downgrading from buy to add. Burberry: JP Morgan reduces target price from 1600p to 1400p and keeps a neutral rating. Capita G
Read more