Wednesday tips round up: Wood Group, Cairn Energy
19th Aug 2015 10:22
(ShareCast News) - Oil services firm Wood Group delivered a "creditable" performance so far this financial year, the Financial Times' Lex wrote. In its latest interim results, Wood Group delivered higher profit margins despite a collapse in oil investment, flattered by a couple of one off income gai
Read moreLondon open: Stocks open flat ahead of UK inflation figures
18th Aug 2015 08:32
(ShareCast News) - London stocks opened flat on Tuesday ahead of the release of UK inflation data which is expected to show a pick-up in growth. Analysts predict consumer prices rose 0.9% in July compared to a year ago, after a 0.8% gain a month ago. While the Bank of England is targeting 2% inflat
Read morePersimmon first half profits up 31%
18th Aug 2015 07:20
(ShareCast News) - London open City sources predict the FTSE 100 will open 17 points higher than Monday's close of 6,550.30. Stocks to watch Housebuilder Persimmon posted a 31% rise in first-half pre-tax profit on the back of solid revenue growth, continued improvement in operating profitability a
Read moreLondon pre-open: FTSE picked to climb ahead of inflation figures release
18th Aug 2015 07:16
(ShareCast News) - City sources predict the FTSE 100 will open 17 points higher than Monday's close of 6,550.30. European stocks were expected to open slightly higher as investors await the release of UK inflation figures. UK inflation has been near zero for most of this year and dipped into deflat
Read moreWood Group ups dividend after slashing headcount 13% in six months
18th Aug 2015 07:10
(ShareCast News) - Battered by the crashing oil price, engineer Wood Group upped its interim dividend by 10.1% after slashing costs more than expected as its oilfield workforce was cut by a fifth in the face of tumbling sales and profits. Revenue of $3.07bn in the first six months of the year was do
Read moreWood Group buys Canada-based engineering consultancy for $14.3m
30th Jun 2015 08:05
Wood Group said on Tuesday that it has acquired Canada-based engineering consultancy BETA Machinery Analysis in a deal valued at $14.3m. BETA, which employs 100 people across its Canada, US, China and Malaysia locations, will operate under Wood Group Kenny, specifically under the Wood Group Integrit
Read moreLondon close: Markets slip with investors nervous ahead of crucial weekend for Greece
26th Jun 2015 16:28
UK stocks finished firmly lower on Friday as Greece entered crunch time in its debt negotiations with creditors, with officials heading towards a pivotal weekend for Athens and the Eurozone. The FTSE 100 fell 54.12 points (-0.8%) to 6,753.70, with ARM Holdings and a host of mining stocks providing a
Read moreFTSE 250 movers: OneSavings higher on Investec comments, Wood Group hit by downgrade
26th Jun 2015 14:27
Mid caps were in the red on Friday, as gains made by retailer and telecommunications stocks were overshadowed by Greece's looming critical weekend. As of 15:30 BST, the FTSE 250 was trading 0.7% lower at 17,829. OnseSavings Bank led the risers as Investec gave the stock a 'buy' rating and a price t
Read moreLondon midday: Stocks drop ahead of weekend Greek debt talks
26th Jun 2015 11:28
UK stocks were trading firmly in the red on Friday as investors showed their nerves ahead of a crucial weekend for Greece, as debt talks go down to the wire. The FTSE 100 was trading 0.84% lower at 6,750.63 by midday, with just six constituents trading in positive territory. "Like most of these in-
Read moreLondon open: Stocks fall as Greece enters crunch talks over debt deal
26th Jun 2015 09:13
UK stock markets fell on Friday morning after the collapse of Greek debt talks at the Eurogroup meeting the previous day. The FTSE 100 was down 0.72% at 6,758.47 in early trading, as gains in the supermarket sector were offset by weakness among miners as investors scaled back their appetite for risk
Read moreLondon pre-open: Stocks to pull back after failed Greek talks
25th Jun 2015 07:46
UK stocks were expected to decline on Thursday morning after five straight days of gains, after another meeting between Greece and its creditors ended in a deadlock. City sources predict the FTSE 100 open 15 points lower than Wednesday's close of 6,844.80. "European equities are set to slide on th
Read moreWood Group expects first half figures to be worse than last year
25th Jun 2015 07:10
Oil and gas company John Wood Group reported an expected decline in performance for the six months to 30 June, 2015. The company said first half figures for 2015 would be down compared with 2014 due to challenging conditions in the oil and gas markets. However it said cost reduction initiatives
Read moreWood Group picks up Saudi Aramco contract
18th Jun 2015 07:32
Energy services company Wood Group has won a contract from Saudi Armaco, the Dhahran headquartered firm which is the world's largest oil and gas company. Wood Group did not disclose the value of the contract but said while some work will be conducted in the United States, work in Saudi Arabia would
Read moreTuesday broker round-up
9th Jun 2015 07:52
Reed Elsevier: Barclays ups target price to 1,225p and lifts recommendation to overweight from equal-weight. HSBC Holdings: Investec reiterates hold and 620p target. Bernstein keeps target price at 650p. Goldman Sachs places estimates under review. Credit Suisse reiterates underperform and 580p targ
Read moreDeutsche Bank cuts Amec Foster Wheeler price target; margin risks drive caution
3rd Jun 2015 14:04
Deutsche Bank cut its target on Amec Foster Wheeler to 815p from 830p, noting that its trading update on Tuesday was weak, highlighting further pressure on the top line and margins. "Despite a diversified structure and ability to lean on cost savings Amec Foster Wheeler is not immune to end-market w
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