London midday: Footsie crawls higher
11th Oct 2010 12:06
Footsie traded in a narrow range throughout the morning session and started the afternoon in marginally in positive territory, boosted by expectations of a moderately firm opening on Wall Street. Oil services group Petrofac is leading the market's far from vigorous advance. The government of Sharja
Read moreFTSE 100 movers: Banks and miners lower
23rd Sep 2010 16:45
Banks were lower on the day because of concerns about the Irish banking system and Lloyds led the way down. However, the banks did rally later in the day so their declines were more modest than in the morning. Miners also pared back some of their earlier falls due to lower commodity prices. Kazakh
Read moreFTSE 100 movers: Miners head higher
22nd Sep 2010 13:03
Gold continues to rise in price as the dollar declines and that is propelling mining companies higher. Gold miners, such as Randgold Resources and African Barrick Gold, are higher while other miners, such as Xstrata and Antofagasta, are hoping that there will be more stimulus measures for the glob
Read moreHochschild Mining director raises £3.7m
14th Sep 2010 16:50
Hochschild Mining deputy chairman Roberto Danino has generated £3.7m from share disposals in September. The latest reported disposal raised nearly £367,000. He sold 97,288 shares at 377.02p each. Danino owns the shares via a related party called Navajo International Holdings Ltd. The remaining sha
Read moreLondon close: Financials lead the way
9th Aug 2010 17:05
Leading equities trod water for the afternoon session consolidating strong gains made in the morning. Hopes that the US Federal Reserve will introduce new economic stimulus measures this week played well with the financial sector, with the likes of fund managers Schroders and St. James's Place and
Read moreLondon afternoon: Gains consolidated
9th Aug 2010 14:18
Footsie hit its peak at around 10:00am and has been moving sideways ever since on a relatively quiet day for corporate news. In a buoyant insurance sector Prudential is firmer prior to Thursday's results while Aviva is lifted by Panmure Gordon raising its price target from 496p to 535p. Reboundi
Read moreLondon midday: Blue chips power ahead
9th Aug 2010 12:11
Footsie is powering forward on the back of strong performances from financials and miners. Lonmin and Kazakhmys are the best performing miners, while among financials the stand-out stocks are spread around the insurance (Legal & General, Prudential), banking (Barclays), fund management (Schroders )
Read moreLondon open: Footsie rebounds over 5,400
9th Aug 2010 08:48
A late rally in the US on Friday has helped Footsie rebound through 5,400 again. International Power is the best performer on widespread reports it will reveal a merger with French utility GDF Suez. That should trigger a £1.3bn windfall for International Power shareholders. The deal is expected to
Read moreLondon pre-open: Footsie targets 5,400
9th Aug 2010 07:32
A late rally in the US on Friday should be enough to get London back within spitting distance of 5,400. Wall Street added almost 100 points after the FTSE 100 stopped trading for the weekend. Futures prices indicate an early 59-point advance. BP's "static kill" and cementing procedures at the brok
Read morePetrofac wins another Kuwait Oil Company contract
9th Aug 2010 07:26
Oil and gas services group Petrofac has won a $430m (£269m) contract with Kuwait Oil Company (KOC) to develop a water pumping system that will help increase oil recovery. 'The project involves the installation of a new central injection pumping facility and modifications to three of the existing ga
Read morePetrofac gets $400m Kuwait pipeline contract
29th Jul 2010 08:44
Oil services group Petrofac has won a $400m (£256m) contract with the Kuwait Oil Company (KOC) to build fuel gas and gas oil pipelines. The project will last 23.5 months and as well as the build, will include engineering, procurement and installation for the pipelines from Mina Al Ahmadi to the Azz
Read morePetrofac Gets Pipeline Project With Kuwait Oil Co Worth $400M
29th Jul 2010 08:19
LONDON (Dow Jones)--Petrofac Ltd. (PFC.LN), the international oil and gas facilities service provider, said Thursday it has been awarded a KWD116.39 million ($400 million) contract by Kuwait Oil Company. MAIN FACTS: -The project, with an anticipated duration of 23.5 months, is for engineerin
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jul 2010 09:04
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0804 GMT [Dow Jones] Nomura downgrades Petrofac (PFC.LN) to reduce from neutral. Continues to be positive on Petrofac's lo
Read moreMARKET TALK: Nomura Cuts Petrofac To Reduce From Neutral
14th Jul 2010 09:04
0804 GMT [Dow Jones] Nomura downgrades Petrofac (PFC.LN) to reduce from neutral. Continues to be positive on Petrofac's long-term fundamentals, but in light of its premium valuation and the fact that 2H catalysts are very well flagged, finds it difficult to recommend investing at current levels. In
Read moreLondon close: BP rally lifts Footsie
12th Jul 2010 16:38
BP was in the driving seat, helping Footsie to good gains as the oil giant's shares rallied on the back of bid talk and hopes that the beginning of the end of the Gulf of Mexico oil leak is in sight. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago
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