London close: China currency move lifts shares
21st Jun 2010 16:31
Footsie closed just shy of 5,300 as mining stocks advanced on higher commodity prices after China's decision to delink the yuan from the US dollar. Miners Vedanta, Rio Tinto, Xstrata, Antofagasta and BHP Billiton were among the best performers. BHP and Rio have agreed to increase iron ore royalti
Read moreLondon afternoon: Miners lead the advance
21st Jun 2010 14:20
China's decision to delink the yuan from the US dollar has provided UK stocks with a lift and calmed nerves ahead of tomorrow's hair-shirt Budget from chancellor of the exchequer George Osborne. Miners are the main beneficiaries of the optimism engendered by China's move, with Vedanta, Rio Tinto, X
Read moreLondon midday: Yuan move lifts equities
21st Jun 2010 12:06
Having just failed to make it eight consecutive gains in a row on Friday the blue-chip index is resuming its steady rise today as stocks are buoyed by news that China will allow the yuan more flexibility after a two-year peg against the dollar. It's hoped the decision will reinvigorate the Chinese
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
17th Jun 2010 09:07
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] 0807 GMT [Dow Jones] Nomura downgrades Petrofac (PFC.LN) to neutral from buy, but lifts its target price to 1300p from 124
Read moreMARKET TALK: Nomura Downgrades Petrofac To Neutral
17th Jun 2010 09:07
0807 GMT [Dow Jones] Nomura downgrades Petrofac (PFC.LN) to neutral from buy, but lifts its target price to 1300p from 1240p. "Although we remain positive on the long-term fundamentals, we believe the company's robust track record and growth prospects vis-a-vis its oil services peers are now close t
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
15th Jun 2010 15:25
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] 1425 GMT [Dow Jones] Evolution Securities Tuesday raises its target price for Petrofac (PFC.LN) to 1300p from 1201p, sayin
Read moreMARKET TALK: Evolution Securities Ups Petrofac Target Price
15th Jun 2010 15:25
1425 GMT [Dow Jones] Evolution Securities Tuesday raises its target price for Petrofac (PFC.LN) to 1300p from 1201p, saying it reflects the continuing boom in its largely onshore Middle East and Africa engineering and construction activities, but maintains the company's rating at add. Evo says the o
Read moreLondon close: Mining stocks boost Footsie
14th Jun 2010 16:49
Footsie finished with good gains as mining stocks enjoyed a boost from higher metals prices. Mining companies Kazakhmys, Vedanta and BHP Billiton went well but it was silver and gold miner Fresnillo that led the way on rumours that the company is under the bid microscope. BP's slide continues. Th
Read moreLondon afternoon: Fresnillo adds lustre to Footsie
14th Jun 2010 14:12
Expectations of a firm start on Wall Street and a paring of the morning's losses suffered by BP enabled the Footsie to extend its rise over the lunchtime session. Mining companies are enjoying a lift from stronger metals prices. Kazakhmys, Vedanta and BHP Billiton are all going well but it is silve
Read moreLondon midday: BP slows Footsie's climb
14th Jun 2010 12:07
Barely a dozen of the FTSE 100's constituents finished the morning in the red but the blue-chip index's advance was less than convincing, largely due BP being on the end of another battering. The oil disaster in the Gulf of Mexico has now cost BP £1.1bn ($1.6bn) and the pressure on the oil giant is
Read moreLondon open: Miners move higher
14th Jun 2010 08:57
London has opened higher lifted by a late rally on Wall Street on Friday and a good showing by the miners this morning. BP is the worst performer this morning. The oil disaster in the Gulf of Mexico has now cost BP £1.1bn ($1.6bn) and the pressure on the oil giant is likely to intensify over the ne
Read morePetrofac buys renewables sector specialist
14th Jun 2010 07:27
Petrofac, the international oil and gas facilities service provider, has bought TNEI Services, a specialist consultancy supporting the energy, power and renewables sectors. Petrofac is paying £7.5m for TNEI, of which 30% is contingent upon senior management's continued participation in the business
Read morePetrofac Limited Petrofac Acquires Renewables Specialist TNEI
14th Jun 2010 07:06
LONDON (Dow Jones)--Petrofac Limited (PFC.LN), an international oil & gas facilities service provider, confirms that it has purchased TNEI Services Limited through the acquisition of its holding company New Energy Industries Limited for a consideration of GBP7.5 million, of which 30% is contingent u
Read moreLondon close: Blue chips make healthy gains
13th May 2010 16:33
London's top stocks rallied near the close to finish well up on the day as traders speculated on possible measures to cut the UK's debt burden. A VAT rise to 20% is a likely measure according to a group of economists questioned by the BBC. Justin King, chief executive of supermarket Sainsbury's,
Read moreNew McBride boss buys
13th May 2010 15:57
McBride's new chief executive Christopher Bull has invested nearly £170,000 in buying an initial stake in the private label household products manufacturer. Bull has bought 90,000 shares at an average price of 188.19p a share one week after he took over as chief executive. Bull was previously chi
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