London close: Rally continues as FTSE 100 jumps
27th Jun 2013 16:44
Strong US economic data and some reassuring comments by a member of the Federal Reserve gave markets a big boost on Thursday, helping the FTSE 100 to extend gains into the third day. After hitting a fresh five-month low of 6,029 on Monday, the FTSE 100 has risen strongly over the past three session
Read moreLondon midday: Stocks gain for third day as rebound continues
27th Jun 2013 11:16
UK markets were able to hang on to gains on Thursday morning on a busy day for economic data, as stocks continue to rebound after some heavy losses over the last month. After hitting a fresh five-month low of 6,029 on Monday, the FTSE 100 has risen strongly over the past two sessions with bargain h
Read moreLondon open: Stocks gain ahead of busy day for economic data
27th Jun 2013 08:34
The FTSE 100 looked set to deliver its third consecutive day of gains on Thursday as markets continued to rebound following some heavy falls over the last month. After a heavy fall on Monday to a fresh five-month low of 6,029, London's benchmark index has rebounded strongly over the last two sessio
Read moreLondon pre-open: Markets seen higher for third straight day
27th Jun 2013 07:44
Stocks are expected to open higher on Thursday morning, continuing their rebound after some heavy falls seen over the last month. City sources predict the FTSE 100 will open up 22 points from yesterday's close of 6,165. After a heavy fall on Monday to a fresh five-month low of 6,029, London's benc
Read moreJohn Wood Group confident for full year
27th Jun 2013 07:03
Energy services group John Wood Group said it is on course to deliver good growth in the first half and remains confident of achieving full year performance in line with expectations. In its pre-close trading update for the six months to June 30th, the group said its Engineering division continues
Read moreLondon midday: Stocks rise as policymakers speak out
25th Jun 2013 11:21
The FTSE 100 rebounded strongly on Tuesday morning after falling to a fresh five-month low the day before, as policymakers from China and the US spoke out to downplay fears that have sparked market volatility over recent weeks. Renewed concerns over a slowdown in China and ongoing worries about a s
Read moreLondon open: Stocks rebound ahead of key US data
25th Jun 2013 08:31
UK markets opened with decent gains on Tuesday morning, rebounding after having closed at levels not seen since early January the day before. Renewed concerns over a slowdown in China and ongoing fears about a scaling back of stimulus in the States prompted another steep sell-off across global equ
Read moreWood Group extends North Sea contract
25th Jun 2013 07:31
Wood Group said it has extended one of its longest running projects in the North Sea. The company, which provides engineering and construction services to the oil and gas sector, has lengthened its existing contract with ConocoPhillips for another year for $60m. Wood Group will continue to provide
Read moreLondon midday: Financials, miners pull FTSE 100 to seven-week low
11th Jun 2013 11:23
Falling commodity prices and rising government bond yields resulted in a sell-off on Tuesday morning, as the recent volatility on equity markets continued, sending the FTSE 100 to a seven-week low. The FTSE 100 was trading around the 6,300 markby midday, the first time it has fallen to this level s
Read moreLondon open: Stocks fall as ECB gets ready to defend bond-buying plan
11th Jun 2013 08:36
Markets opened firmly in the red on Tuesday morning as traders awaited a courtroom battle in which the European Central Bank (ECB) is expected to defend its bond-buying programme. The two-day hearing into the legality of the ECB's Outright Monetary Transactions programme begins today in the German
Read moreLondon pre-open: Markets expected to slip early on
11th Jun 2013 07:33
Markets are expected to open slightly lower on Tuesday morning, extending losses made the day before, as traders await a courtroom battle where the European Central Bank (ECB) is expected to defend its bond-buying programme. City sources predict the FTSE 100 will open down 16 points from yesterday
Read moreWood Group secures 200 UK jobs through Ithaca contract extension
11th Jun 2013 07:13
Energy services firm Wood Group has signed its first 'life-of-field' contract through an extension of work in the North Sea for AIM-listed Ithaca Energy worth 200m dollars (140m pounds). Wood Group's PSN division (WGPSN), which began working with Ithaca in 2008, will continue to operate and deliver
Read moreLondon midday: Markets rangebound with focus on central banks
6th Jun 2013 11:39
Markets were rangebound on Thursday morning as traders awaited announcements from the Bank of England (BoE) and European Central Bank (ECB) on monetary policy. There were just 16 points separating the index's intraday low (6,416) and high (6,432), as markets paused for breath following a heavy sell
Read moreThursday tips round-up: John Wood, RPC, Astra Zeneca
6th Jun 2013 10:24
The oil exploration sector has been battered by profit warnings and a perceived lack of orders in some territories, but John Wood Group is strong in deepwater engineering and in developed economies, while contracts tend to be on a less risky re-imbursable basis. In brief, that is the jist of a recen
Read moreLondon open: Markets pause ahead of BoE and ECB decisions
6th Jun 2013 08:34
Markets opened broadly flat on Thursday morning as traders paused for breath following the heavy sell-off the day before, with all eyes on the Bank of England (BoE) and European Central Bank (ECB) as they prepare to announce their latest monetary policy decisions this afternoon. The FTSE 100 lost 2
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