London midday: Retail boost but miners suffer
20th Oct 2011 12:02
Retail stocks are on the offensive today, but with the Eurozone situation continuing to stoke fears over global growth, miners are dragging the top share index lower. Franco-German talks regarding the Eurozone rescue fund are not going on as smoothly as some had hoped. The unexpected meeting yeste
Read moreUPDATE: Thursday broker round-up
20th Oct 2011 09:17
Sports Direct: Singer Capital Markets downgrades from buy to fair value, raises target from 232p to 245p. Home Retail: UBS cuts target from 130p to 110p, keeps neutral rating. Home Retail: Nomura cuts target from 130p to 110p, reduce rating maintained. Home Retail: Singer Capital Markets cuts ta
Read moreLondon open: Miners drag Footsie lower
20th Oct 2011 08:33
The Footsie tumbled in the opening minutes on Thursday morning, following a strong day yesterday, with just three stocks making gains. Markets seem to have lost their optimism as Franco-German talks regarding the Eurozone rescue fund are not going on as smoothly as some had hoped. The unexpected me
Read moreLondon pre-open: Yesterday's gains to disappear
20th Oct 2011 07:26
The top-share index is set to give back all of yesterday's gains and more at the outset, with City sources predicting the FTSE 100 will open down 80 points or so from yesterday's close of 5,450, after last night's lacklustre showing on Wall Street. Oil and gas facilities services provider Petrofac
Read morePetrofac on track to meet targets
20th Oct 2011 07:02
Petrofac, the FTSE 100 provider of facilities to the oil and gas production industry, has continued to perform in line with expectations in the year-to-date, the firm has announced. The group cited good progress across all its divisions, particularly Offshore Engineering & Operations which has seen
Read moreSector movers: Oil and gas groups track crude prices higher
7th Sep 2011 15:51
BP, BG and Wood Group were among the best performers on the FTSE 100 on Wednesday afternoon, providing a boost to the oil and gas producing sector. Drilling in the previously untested northern segment of the Mad Dog field in the Gulf of Mexico has resulted in a "significant resource extension", acc
Read moreWednesday tips round-up: Greene King, McBride, Johnson Service
7th Sep 2011 06:33
Greene King raised £200m in May 2009 to fund expansion. Greene King has spent £70m to £80m a year out of earnings on doing up its existing estate. Much of the rights issue cash went on premium pubs in London and food-led outlets elsewhere. The shares, not far from where they were a year ago, sell on
Read morePetrofac wins North Sea rigs gig
30th Aug 2011 07:56
Support services behemoth Petrofac has been awarded two North Sea contracts by GDF Suez E&P UK. The contracts are valued at £30m and cover a three-year period, with an optional two-year extension. From August 2011, Petrofac will provide operations, maintenance, engineering and general support serv
Read moreSunday tips round-up: Renishaw, Petrofac, Amlin
28th Aug 2011 18:50
Wotton-under-Edge is a quaint country town at the periphery of the Cotswolds. It is also home to Renishaw, a company making some of the most advanced tools and measuring systems in the world. The stock has lost a third of its value in less than a month, hit by concerns about global economic conditio
Read moreLondon close: Higher finish for FTSE 100
22nd Aug 2011 16:35
The FTSE 100 quickly snapped out of its poor start to finish with gains, though these were somewhat off earlier highs following the start of trading on Wall Street. Gold producers such as Randgold Resources and Petropavlovsk were driven higher by rising prices for the precious metal. Oilfield serv
Read moreLondon midday: Stocks post big gains as miners advance
22nd Aug 2011 12:11
Despite a faltering start, the FTSE 100 is now posting near triple-digit gains with resource stocks in particular posting big gains. A surging gold price, which stands just below the $1,900 level drives FTSE 100 miner Randgold Resources to the top of the pile. Oilfield services group Petrofac was
Read moreLondon open: Randgold leads risers as Footsie gains 0.6%
22nd Aug 2011 08:31
After slipping into the red in the opening minutes, the blue chip index quickly swung into the blue, recovering after the steep sell-off seen late last week. A surging gold price, which stands just below the $1,900 level drove FTSE 100 miner Randgold Resources to the top of the pile. Oilfield serv
Read moreLondon pre-open: Nervous start to the week
22nd Aug 2011 07:31
Equities are set to make a nervous start to the week with City traders predicting the blue-chip share index will dip below the 5,000 level, having closed last week at 5,041. A lot of bulls will be pinning their hopes on Federal Reserve chairman Ben Bernanke pulling something out of the hat this we
Read morePetrofac on course for 15%+ LFL profit growth
22nd Aug 2011 07:18
Oilfield services group Petrofac said it is on course to deliver like-for-like profit growth of at least 15% in 2011, in line with current market expectations. "We are confident that we can continue the good progress that we have achieved in Engineering & Construction in the year to date. With high
Read moreLondon close: Stocks soar as outlook brightens
12th Aug 2011 16:40
Stocks were posting meaty gains heading into the weekend after four Eurozone countries banned short-selling banking stocks and strong retail sales in the US. France, Italy, Spain and Belgium have banned short-selling of financial stocks in an attempt to prevent further slides in banking stocks' sha
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