FTSE 250 movers: Perform Group nosedives on profit warning
12th Dec 2013 15:46
Digital rights firm Perform Group has warned that its 2013 full-year revenue will be below previous expectations, pushing earnings 'significantly' below forecasts. The warning, which also revealed results for 2014 are now set to miss expectations, more than halved the value of the company's stock fo
Read moreWood Group reiterates guidance, but warns on 2014 - UPDATE
12th Dec 2013 13:11
- Full year to be in line with expectations - But engineering EBITA downgraded 15% - 'Deterioration' in some markets Energy services firm Wood Group said it has delivered 'good growth' this year, despite trading remaining distinctly mixed with its Western Canada markets 'weak' and its key engineeri
Read moreLondon midday: Sports Direct, Wood Group, SuperGroup drag markets lower
12th Dec 2013 11:21
- Sports Direct, Wood Group, SuperGroup fall after updates/results - Taper bets increase ahead of Fed meeting, US data in focus - FTSE 100 at lowest level since mid-October - Capital Economics sees 7,500 level for FTSE 100 in 2015 techMARK 2,650.21 -0.92% FTSE 100 6,442.07 -1.01% FTSE 250 15,247.68
Read moreLondon open: FTSE 100 at two-month low on taper fears
12th Dec 2013 08:44
- FTSE 100 at levels not seen since mid-October - US, Asian markets fall overnight - Sports Direct, Wood Group fall sharply early on techMARK 2,656.26 -0.69% FTSE 100 6,481.31 -0.41% FTSE 250 15,310.65 -0.56% Markets across Europe were trading in the red on Thursday morning with the FTSE 100 on tr
Read moreLondon pre-open: FTSE to decline on tapering concerns
12th Dec 2013 07:27
- FTSE to fall on tapering concerns - US stock markets sink - Eurozone industrial production due out today City sources predict the FTSE 100 will open 26 points below yesterday's close of 6,507.72, dragged down by a poor finish across the Pond, where markets suffered steep losses on the back of con
Read moreWood Group reiterates guidance, but trading mixed
12th Dec 2013 07:14
- Trading in line with expectations - EBITA to grow 10-15 per cent this year, as expected - Trading mixed across PSN, Engineering, GTS divisions Energy services firm Wood Group said it has delivered 'good growth' this year, despite trading remaining mixed across its three main divisions. The compa
Read moreSector movers: Ex-div AMEC drags oil services lower amid M&A speculation
27th Nov 2013 15:40
Heavy falls from engineering firm AMEC were weighing on the oil equipment and services sector on Wednesday after the stock went ex-dividend. New investors from today will no long qualify for AMEC's latest dividend, which usually leads to an automatic drop in price by the amount of the expected payo
Read moreBroker snap: Petrofac 'unfairly punished' for cautious guidance, says Credit Suisse
26th Nov 2013 09:16
Credit Suisse has reiterated its 'outperform' rating for oilfield services (OFS) group Petrofac, saying that the stock has been 'unfairly punished' after the cautious guidance given last week. Petrofac fell sharply on November 18th after saying that it expects "flat to modest growth" in net income
Read moreSector movers: Aberdeen boosts financials, Petrofac dampens oil services
18th Nov 2013 15:02
Aberdeen Asset Management was a high riser in London on Monday, providing a lift to the financial sectors as investors celebrated the company's annual results and acquisition of Scottish Widows Investment Partnership (SWIP). The fund management group said that it would buy SWIP from Lloyds for £550
Read moreWood Group acquires 2,200 person strong US shale outfit Elkhorn
11th Nov 2013 12:36
- Wood Group acquires Elkhorn for undisclosed sum - Elkhorn generated approximately 250m dollars in sales in 2012 - Purchase to expand Wood Group's foot print in US shale Oilfield services provider Wood Group agreed to acquire US-based Elkhorn Holdings for an undisclosed sum, so as to increase the
Read moreWood Group awarded contract extension from Shell
29th Oct 2013 07:00
Wood Group has secured a two-year contract extension from Shell UK to deliver integrated services to two gas plants in Scotland, continuing a previous contract awarded in 2007. The deal is the eighth North Sea contract extension awarded to the group in the past year, it said. Wood Group employs
Read moreWood Group wins North Sea gas turbine maintenance deal
22nd Oct 2013 08:13
Oil services company Wood Group has won a contract of undisclosed value to maintain gas turbines on North Sea oil projects. Wood said its GTS business had secured a "multi-million dollar" five-year contract from Talisman Sinopec Energy UK to service 22 Siemens Ruston gas turbines on the Buchan, Cly
Read moreThursday tips round-up: Marston's, Tesco, John Wood Group
10th Oct 2013 07:15
Marston´s annual trading update revealed a perceptible difference in performance between its managed and tenanted estates in terms of their like-for-like sales performance. The latter achieved a 2.2 per cent rise, ahead of the tenanted state which saw just a 2.0 per cent increase. It is for this rea
Read moreWood Group agrees gas turbine venture with Siemens
9th Oct 2013 07:22
Oil services company Wood Group and German industrial giant Siemens have formed a gas turbine joint venture. Wood has agreed to merge its maintenance and power businesses with Siemens' TurboCare business division, which provides after-sales gas turbine, steam turbine and generator design, repair an
Read moreFTSE 250 movers: Carpetright shares hit by profit warning
4th Oct 2013 16:09
Carpetright announced the departure of Chief Executive Darren Shapland as it warned falling sales meant full year profits would be 'significantly' below its previous expectations. The carpet retailer said founder and Chairman Lord Harris of Peckham would take control and become full-time Chairman. C
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