Thursday tips round-up: Petrofac, Antofagasta, Electrocomponents
8th Apr 2010 06:44
EnQuest is the combination of Petrofac's UK North Sea fields with those of Swiss group Lundin Petroleum. It contains assets such as a 27.7% stake in West Don field in the West of Shetland and other blocks in the vicinity. Over the weekend, shareholders should have received one share in EnQuest for
Read moreLondon close: Footsie keeps climbing
6th Apr 2010 16:29
The day was dominated by news that the general election will be held on May 6 following Prime Minister Gordon Brown's announcement, but Footsie was lifted higher by unrelated factors. Petrofac led the market higher on its first day of trading since demerging its UK Continental Shelf assets into a
Read moreLondon afternoon: Early gains dissipating
6th Apr 2010 14:23
Footsie is still in the blue but the gains are slowly dribbling away on a day which, aside from the heavily trailed dissolution of Parliament, is light on news. Petrofac is leading the market higher on its first day of trading since demerging its UK Continental Shelf assets into a new company, Enqu
Read moreLondon midday: Stocks rise as poll date is confirmed
6th Apr 2010 12:14
With official confirmation of a May 6 election date now received the market is enjoying an end to the uncertainty, though sentiment is tempered by the prospect of a hung parliament. Petrofac is leading the market higher on its first day of trading since demerging its UK Continental Shelf assets int
Read moreLondon close: Footsie bounds ahead
1st Apr 2010 16:57
London's blue chips moved forward again with miners and resource stocks driving the index upwards ahead of the Easter break. Footsie is now up by over 6% since the start of the year and by 45% over the past 12 months. Miners and oil companies were lifted as manufacturing activity accelerated in C
Read moreLondon afternoon: Footsie rise continues
1st Apr 2010 15:26
London's blue chips are being dragged forward by the US, which has opened very strongly ahead of the Easter break. Miners and oil companies continue to do well after manufacturing activity accelerated in China, while confidence in the Japanese manufacturing sector also improved. Xstrata, Randgold
Read moreFTSE 100 movers: MIners higher , Vodafone down
1st Apr 2010 15:11
Miners and oil companies are in vogue again today, helped by bullish manufacturing reports from both China and Japan. Kazakhmys, Xstrata and Antofagasta continue to do well after manufacturing activity accelerated in China, while confidence in the Japanese manufacturing sector also improved. Petr
Read moreSector movers: Petrofac upgrade boosts oil service stocks
1st Apr 2010 15:02
Petrofac leads the oil services sector higher after an upgrade to 'add' from 'neutral' from the broker Evolution Securities in expectation of strong growth from the oil services group's exploration and construction business. Mobile phone stocks are lower after Britain's four mobile phone groups wer
Read moreMid-cap round up: Morgan Sindall, Petrofac, Lipoxen
1st Apr 2010 14:42
Morgan Sindall, the construction and regeneration group, said its Infrastructure Services division has been selected by E.ON for a 10-year framework contract, covering E.ON's Central Networks eastern region, with an estimated value of £500m. The programme of works will include capital asset replace
Read morePetrofac wins Qatari order
29th Mar 2010 09:06
Petrofac has won a contract worth more than $600m from long-standing customer Qatar Petroleum. The oil and gas facilities service provider will undertake the engineering, procurement, installation and commissioning of gas sweetening facilities in Qatar's Messaieed and Dukhan industrial districts.
Read moreChairman-elect buys Collins Stewart shares
22nd Mar 2010 16:39
Chairman-elect Tim Ingram has acquired 250,000 shares in broker Collins Stewart. Ingram has been a non-exec on the broker's board for 10 weeks and the share purchase at 77.69p a share represents an investment of £194,225. The purchase takes his stake to 285,000 shares. Ingram takes over as chair
Read morePetrofac director sells before demerger
12th Mar 2010 16:51
Michael Press has raised £1.4m from selling shares in oil services provider Petrofac ahead of the proposed demerger of its oil and gas assets. Press is the senior independent non-executive director on the board of Petrofac. He sold 120,000 shares at 1173.65p each. He retains 120,000 shares. This i
Read moreFTSE 100 movers: Miners spooked by China
11th Mar 2010 15:56
Miners dominate the fallers on the Footsie today as they are hit by fears that the Chinese government may try to hold back growth in the Chinese economy. Kazakhmys and Fresnillo are the biggest fallers. Wound care company Smith & Nephew lost a US patent infringement case brought by Kinetic Concept
Read moreFTSE 100 movers: Footsie ahead despite ex-dividends
10th Mar 2010 16:19
Resources companies and banks are heading the risers on the Footsie, while the forward momentum has been held back by a raft of companies going ex-dividend. Rising copper prices have boosted the shares of Fresnillo, Eurasian Natural Resources and Xstrata. RBS upgraded oil services provider Petro
Read moreBroker tips: Petrofac, Inmarsat, Shanks
10th Mar 2010 12:46
Royal Bank of Scotland (RBS) has mulled over the record numbers announced by oil and gas plant provider Petrofac and determined that they warrant an upgrade in the broker's rating of the stock. RBS has upgraded the stock from 'hold' to 'buy' and beefed up its price target to 1230p from 1025p after
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