Patagonia Gold CEO adds to share pile
7th Mar 2012 16:07
William Humphries, Chief Executive Officer of Patagonia Gold, the Argentina-focused mining firm, has purchased 300,000 shares in the firm. The director bought the shares at an average price of 35.67p for a total of £107,010, taking his total stake in the company to 15,393,857 shares, representing a
Read moreTuesday broker round-up - UPDATE
6th Mar 2012 09:20
Serco: Credit Suisse lifts target price to 650p from 600p, remains at outperform. Capita: Credit Suisse revises target to 820p from 770p, retains outperform. Wolseley: UBS downgrades from buy to hold. Pace: Peel Hunt upgrades from hold to buy, raises target to 99p from 75p. International Power
Read moreTuesday tips round up: Petrofac, Abcam, BP
6th Mar 2012 06:58
Petrofac, the oil and gas engineering and investment firm, gets some kind words from Tempus in The Times. The company has consistently raised its profits target and yesterday even beat revised guidance to deliver a year end increase of 25% to $539.4m. If the company can keep the order book filled
Read moreLondon close: Miners lead the decline as China cuts GDP forecast
5th Mar 2012 16:36
- Chinese growth forecasts dampens miners. - UK and Eurozone PMIs disappoint. - Steering Committee to participate in Greek debt swap. London's blue chip index fell to its lowest level of the day on Monday as concerns over the global economy dampened the mood. Miners bore the brunt of the sell-off i
Read moreFTSE 100 movers: Intertek on top after strong 2011 results
5th Mar 2012 14:40
Product testing group Intertek soared into top spot after its 2011 results passed with flying colours, with both revenue and profits ahead of market expectations. The firm saw revenue growth of 27% to £1,749m in 2011 from £1,374m in 2010. In constant currency terms, revenue grew 8.3% on an organic
Read moreLondon midday: China, Eurozone worries weigh on stocks
5th Mar 2012 11:49
- China cuts 2012 GDP target to 7.5%. - Eurozone/UK services PMIs disappoint. - German DSW recommends rejecting PSI deal. Stocks continued to fall by lunchtime on Monday, as the combination of disappointing economic data from the UK and Eurozone and some conservative growth forecasts from China wei
Read moreLondon open: Miners fall as China cuts GDP target
5th Mar 2012 08:32
- China cuts 2012 GDP target to 7.5%. - Miners drag Footsie lower early on; Glencore declines after results. - BP up after Macondo settlement. With China cutting its growth forecast to the lowest level since 2004, miners were the worst performers in early trading on Monday, dragging London's FTSE 1
Read morePetrofac confident despite order backlog sliding
5th Mar 2012 07:13
Oilfield support services titan Petrofac says it is growing increasingly confident of hitting its mid-term target of more than doubling its recurring 2010 group earnings by 2015, after a solid 2011. Revenue in the year was up by a third to $5.8bn from $4.4bn in 2010. Profit before tax climbed to $
Read morePetrofac awarded third Iraq contract
24th Feb 2012 12:50
Oil & gas service provider Petrofac has been awarded an engineering, procurement and construction (EPC) contract by Gazprom Neft for the first phase of the Badra Oilfield Development Project in Iraq. The $330m lump-sum contract will see Petrofac provide detailed design, construction, commissioning
Read moreLondon open: Stocks slip after Greek bailout approval
21st Feb 2012 08:19
- Eurogroup approves Greek bailout. - Euro strengthens after announcement. - Footsie slips early on with oil stocks weighing on index. Despite Eurozone finance ministers doing what many had expected by approving the next tranche of aid for Greece, the Footsie opened moderately lower on Tuesday morn
Read moreLondon open: Stocks rise on Greek optimism
17th Feb 2012 08:24
- Footsie rises as Greek optimism boosts buying. - Resources stocks track commodities prices higher. - Record underlying earnings for Anglo American. London's blue chips recovered after yesterday's fall with the Footsie rising strongly in early trading on Friday on reports of measures by European l
Read moreLondon open: Stocks weighed down by Greece, Moody's
16th Feb 2012 08:35
- Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - BAE Systems tumbles after results. London's blue chip index sank in early trading on Thursday, with just five stocks on the rise, as the Greek bailout faces fresh delays. Meanwhile, Moody's warn
Read moreLondon pre-open: Greek delays expected to weigh on stocks
16th Feb 2012 07:25
City sources predict the FTSE 100 will open down 42 points from yesterday's close of 5,892 as the Greek bailout deal continues to be hampered by delays. BAE Systems, the FTSE 100 defence contractor, saw headline sales fall by 14% in the 12 months ended December 31st and said that "little sales grow
Read morePetrofac snaps up UK subsea services firm
16th Feb 2012 07:04
Oil and gas market services group Petrofac has acquired UK-based subsea pipeline consulting and engineering services firm KW Limited for an undisclosed sum. KW Limited, based in Fetcham, near Working, is said to have an established reputation in the subsea pipeline market and has gross assets value
Read moreLondon close: Stocks rise on Greek deal and QE
9th Feb 2012 16:37
- Greek deal agreed, says PM's office. - BoE boosts QE by £50bn. - ECB keeps rates on hold. Stocks were given a boost in afternoon trade on news that Greek leaders had come to an agreement over an austerity package. However, gains were trimmed late on as investors began to assess the very limited d
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