Tuesday tips round-up: Petrofac, Mitie Group
19th Nov 2013 07:22
Petrofac's shares fell on Monday after reporting delays to two major contracts and downgrading its profit forecast for next year. With the contracts now not expected to start until 2014, investors are facing more risk as they have an uncomfortable year-long wait before a major ramp up in work, The D
Read moreLondon close: Stocks rise ahead of FOMC minutes as Aberdeen surges
18th Nov 2013 16:23
- Aberdeen leads financials higher after SWIP purchase - Petrofac plummets on cautious outlook - Fed speculation ramps up ahead of FOMC minutes techMARK 2,653.19 +0.15% FTSE 100 6,723.46 +0.45% FTSE 250 15,290.48 +0.29% UK markets posted decent gains on Monday with the financial sectors providing
Read moreFTSE 100 movers: Aberdeen leaps while Petrofac plunges
18th Nov 2013 15:39
Aberdeen shares soared after saying that it would acquire Scottish Widows Investment Partnership Group from Lloyds. The company also reported annual pre-tax profit jumped 39 per cent on net revenue up 24 per cent, as it raised its full-year dividend by 39 per cent to 16p per share. Vedanta was als
Read moreSector movers: Aberdeen boosts financials, Petrofac dampens oil services
18th Nov 2013 15:02
Aberdeen Asset Management was a high riser in London on Monday, providing a lift to the financial sectors as investors celebrated the company's annual results and acquisition of Scottish Widows Investment Partnership (SWIP). The fund management group said that it would buy SWIP from Lloyds for £550
Read morePetrofac plummets on cautious guidance for 2014, 2015
18th Nov 2013 09:08
- 'Modest growth' expected in net profit in 2013 - 'Flat to modest growth' predicted in 2014 - 2015 targets dependent on contract timing A cautious outlook from Petrofac saw its share price take a tumble on Monday morning as the oilfield services provider predicted "flat to modest growth" in net in
Read moreLondon open: Stocks slip ahead of quiet day
18th Nov 2013 08:23
- Quiet day on the macro front - Capita, Severn Trent fall after CEO exits - Aberdeen jumps after annual results, acquisition - Petrofac slumps on cautious guidance techMARK 2,636.54 -0.48% FTSE 100 6,682.77 -0.16% FTSE 250 15,223.14 -0.15% Markets opened slightly lower on Monday morning as invest
Read moreLondon close: Markets gain on QE speculation, Vedanta drops
15th Nov 2013 17:02
- Stocks extend gains on US stimulus hopes - US industrial production, NY manufacturing data misses forecasts - Vedanta drops sharply after interim report techMARK 2,649.29 0.00% FTSE 100 6,693.44 +0.41% FTSE 250 15,246.58 -0.07% Markets ended Friday's session with decent gains as investors contin
Read moreLondon midday: Markets extend gains on US stimulus hopes
15th Nov 2013 11:38
- Stimulus hopes continue to drive markets after Yellen comments - Eurozone CPI inflation in line with initial estimate - IAG raises profit forecast for 2015 techMARK 2,653.33 +0.15% FTSE 100 6,692.14 +0.39% FTSE 250 15,283.74 +0.17% UK stocks were registering decent gains on Friday morning follow
Read moreFTSE 100 movers: Financials and miners stuck in reverse
12th Nov 2013 14:45
Financials were sitting firmly in the red this afternoon after a sharp fall in UK inflation failed to prompt much in the way if a reaction from investors. Aberdeen Asset Management and RBS were two of the biggest fallers, with the latter also being pressured lower by a downgrade by Goldman Sachs f
Read morePetrofac partnership wins bumper contract with Algerian government
30th Oct 2013 07:49
- Wins share of 650m dollar contract - Contract runs over 32 months Oilfield service provider Petrofac has won a share of a 650m dollar contract to provide engineering, procurement and construction (EPC) services for the Algerian government. The FTSE 100 group is leading a partnership with Italia
Read moreFTSE 100 movers: Burberry bombs as CEO announces departure plans
15th Oct 2013 14:36
High-end luxury brand Burberry dropped today after the surprise exit of Chief Executive Officer (CEO) Angela Ahrendts and appointment of Chief Creative Officer Christopher Bailey. Ahrendts is to leave the company in mid-2014 and move to Apple to take up a newly created position. The news came as the
Read moreBroker tips: Petrofac, AMEC, Ashtead
15th Oct 2013 12:41
Citigroup has labelled Petrofac as one of its most preferred stocks among oil services names in the UK ahead of the sector's third-quarter reporting season. Citi said that Petrofac is exposed to defensive energy investments, such as the Middle East, the Commonwealth of Independent States and Integr
Read moreBroker snap: Citi labels Petrofac as most preferred UK oil services name
15th Oct 2013 12:38
Citigroup has labelled Petrofac as one of its most preferred stocks among oil services names in the UK ahead of the sector's third-quarter reporting season. "The underperformance of the oil services sector year-to-date reflects the market's disbelief in growth delivery following recent operational
Read morePetrofac consortium wins infrastructure project in Kazakhstan
19th Sep 2013 14:28
Petrofac is leading a consortium which has been appointed to provide services for the development of KLPE's integrated petrochemicals complex and infrastructure project (IPCI) in Kazakhstan. The consortium, which also includes Linde AG and GS Engineering & Construction Corporation, will undertake e
Read moreLondon close: Stocks sink into the red ahead of FOMC outcome
18th Sep 2013 16:23
After a range-bound morning session, markets sunk into the red on Wednesday afternoon as investors reduced their appetite for risk ahead of the Federal Reserve policy decision later this evening. The FTSE 100 closed 11.35 points lower at 6,558.82, the index's second day in negative territory after
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