London afternoon: Imagination hit by Samsung rumour
12th Nov 2010 14:27
Considering mining shares are in the dumper Footsie, though lower on the day, is faring reasonably well, after a lunch time session that saw share prices move sideways. Miners are big fallers on disappointment with the outcome at the G20 meeting and the possibility of a currency free-for-all. Talk
Read moreFTSE 100 movers: Rolls-Royce recovers
12th Nov 2010 13:16
Shares in Rolls-Royce have recovered even though it will have to spend money solving the problems of the Trent 900 engine. This extra cost will hit 2010 profit. An investigation into the engine explosion on the Trent 900 powered A380 Qantas super-jumbo has found the failure was confined to one com
Read moreLondon midday: Footsie flat after recovery
12th Nov 2010 12:13
Shares are looking for direction now after staging an impressive recovery from this morning's losses. Aero-engine maker Rolls-Royce is going well despite warning solving the problems on its Trent 900 engine will mean it making less money than expected in 2010. Centrica is also higher after the Br
Read moreLondon open: Blue chips take a tumble
12th Nov 2010 08:48
London has opened sharply lower, with sentiment not helped by a mild profit warning from Rolls-Royce and a bad-tempered G20 meeting. Aero-engine maker Rolls-Royce is one of the few risers in fact, despite warning solving the problems on its Trent 900 engine will mean it making less money than expec
Read moreLondon pre-open: London runs into turbulence
12th Nov 2010 07:35
London is set to open sharply lower, with sentiment not helped by a mild profit warning from Rolls-Royce. City traders expect the Footsie to open around 60 points lower than last night's close. Aero-engine maker Rolls-Royce will make less money than expected in 2010, and it's all down to one compon
Read morePetrofac extends Maersk relationship
12th Nov 2010 07:17
Oilfield services firm Petrofac has won a three year contract from Maersk Oil. The contract, worth more than £40m, is for the provision of engineering services to the UK Continental Shelf assets of Maersk, specifically the Gryphon, Janice, and Global Producer III assets. This contract extends both
Read morePetrofac trades in line
21st Oct 2010 08:38
Oil services group Petrofac is crowing about an "excellent" operational performance for the year so far, which is in line with expectations. Order intake sits at US$2.6bn in the year to date, while gross cash balances, currently $1bn, are expected to rise over the balance of the year. "We are ple
Read moreLondon close: Strong gains for FTSE 100
13th Oct 2010 16:36
Footsie moved up gear following a strong start on Wall Street, and was nearly posting triple-digit gains at trading's close. US stocks are going well following strong results from processor group Intel and banking giant JP Morgan and strong indications from the Federal Reserve that further stimulus
Read moreLondon afternoon: Still up over 1%
13th Oct 2010 14:45
The leading index broke above 5,750 briefly ahead of the opening bell on Wall Street, its highest since the end of April, led by a powerful mining sector. US stocks have started well - the Dow Jones is up almost 70 points - following strong results from Intel and JP Morgan and strong indications fr
Read moreFTSE 100 movers: Miners stimulated by US hopes
13th Oct 2010 13:31
Xstrata, Vedanta Resources, Anglo American and Rio Tinto are higher on hopes of a fiscal stimulus in the US. Oil services group Petrofac is upgraded to 'overweight' from 'equal-weight' by broker Morgan Stanley, which thinks business opportunities in Britain, Iraq and Algeria will boost the company
Read moreLondon midday: Footsie boards the Fed express
13th Oct 2010 12:05
Hints from the US Federal Reserve that it will resume its bond buying programme sooner rather than later galvanised the UK market in the morning session with mining stocks going particularly well. Xstrata, Anglo American, Rio Tinto and Antofagasta are the pick of a mining sector buoyed by the pros
Read moreLondon close: Footsie limps higher
11th Oct 2010 16:38
Footsie closed just a few points higher Monday after a sluggish day's trading that saw the leading share index fluctuating in a narrow range just above the zero mark. Oil services group Petrofac firmed on the back of a lucrative contract win. The government of Sharjah has appointed the company t
Read moreLondon afternoon: Stocks tread water
11th Oct 2010 14:34
The blue-chip index trod water over the lunchtime session with the majority of leading stocks consolidating the morning's gains. Oil services group Petrofac is firmer on the back of a lucrative contract win. The government of Sharjah has appointed the company to take over operational responsibilit
Read moreSector movers: Oil service updates impress
11th Oct 2010 13:35
Well-received updates from two big oil services companies have the sector gushing higher. Wood Group is still trading in line with forecasts and the provider of support services to the oil and gas industry expects to match full-year estimates, it said today. Sector peer Petrofac was also higher af
Read morePetrofac surges after UAE contract
11th Oct 2010 12:29
Oilfield services firm Petrofac was the best performing FTSE 100 stock on Monday morning after the company bagged a lucrative contract in the United Arab Emirates (UAE). The government of Sharjah has appointed Petrofac to take over operational responsibility and facilities management of the Sajaa G
Read more