Wood Group awarded Caltex contract extension in Australia
25th Mar 2013 07:36
Energy services giant Wood Group has been awarded an extension on a maintenance contract from Caltex Australia worth 45m dollars. The additional 18 months' work (from June 2013) follows a three-year contract awarded to Wood Group's PSN (WGPSN) division to provide maintenance management, mechanical
Read moreLondon midday: FTSE 100 slips into the red ahead of Budget
20th Mar 2013 11:50
The FTSE 100 had erased gains by lunchtime after a strong start, as investors took caution ahead of the pivotal Budget Statement this afternoon by UK Chancellor George Osborne. Sentiment was still fragile after the Cypriot parliament last night voted to reject a €10bn bailout deal that included a t
Read moreLondon open: Stock rise ahead of UK Budget after failed vote in Cyprus
20th Mar 2013 08:20
The decision by Cyprus to reject a 10bn-euro bailout deal that included a tax on bank accounts didn't take markets by surprise on Wednesday morning, as stocks started the day with moderate gains. Last night's vote - which saw a unanimous rejection of the proposal - was widely expected to fail given
Read moreWood Group wins 11 contracts in Africa
20th Mar 2013 07:36
Multinational oil and gas services company Wood Group has won 11 new contracts in Africa, together worth 240m dollars. The group said on Wednesday its units Wood Group PSN, Wood Group GTS and Wood Group Mustang have secured deals for projects in five African nations. Wood Group PSN, which speciali
Read moreJohn Whittaker increases stake in Intu
13th Mar 2013 16:21
The Deputy Chairman of Intu (formerly Capital Shopping Centres), John Whittaker, has boosted his stake in the group by 60,000 shares two weeks after the company posted a stable set of full year results. Whittaker, who joined the board after selling the well-known Trafford Centre shopping mall to C
Read moreLondon close: Stocks pare gains ahead of policy decisions
6th Mar 2013 16:51
After a solid rise early on, the FTSE 100 had trimmed gains by the close of trade on Wednesday as investors took profits after stocks hit fresh multi-year highs the day before. Markets across Europe finished mixed this afternoon, slipping from the best levels of the day "as caution once again tempe
Read moreFTSE 100 movers: Vodafone tops the leader board
6th Mar 2013 15:40
Vodafone surged after Bloomberg last night reported that part-owner Verizon Communications is looking to resolve its relationship with the UK telecoms group. Richard Curr, the Head of Dealing at Prime Markets said this morning that if the stake is sold off, "it will provide the group with the fire
Read moreLondon close: FTSE 100 hits a new high for the year
5th Mar 2013 16:11
UK equity markets charged higher on Tuesday, driven by comments from the US Federal Reserve, Services data, and a raft of upbeat company reports. Janet Yellen, the Vice Chair of the Board of Governors of the Federal Reserve, said on Monday that she believed the Fed needs to continue with its month
Read moreSector movers: Wood Group drives Oil Equipment, Services & Distribution sector up
5th Mar 2013 15:22
The top performing sector on Tuesday was Oil Equipment, Services & Distribution, driven by FTSE 100 international energy services company Wood Group, which posted a 20 per cent rise in revenue from continuing operations in its full year ended December 31st, boosted by growth in all three divisions.
Read moreFTSE 100 movers: Serco in top spot
5th Mar 2013 14:20
British outsourcing group Serco was the strongest riser after revealing that full year revenue rose 5.7 per cent to 4.9bn pounds, underpinned by a strong performance in international markets. International energy services company Wood Group rose after it posted a 20% rise in revenue from continuin
Read moreLondon open: MPC expected to be watching services PMI data
5th Mar 2013 08:09
London stocks have begun the day higher, boosted by the strong showing seen overnight on Wall Street - on the back of dovish comments from US Fed Vice-Chairman Janet Yellen - and ahead of potentially key data expected to be released today, in the United Kingdom. At 09:30 Markit will release its se
Read moreWood Group sees growth across all divisions
5th Mar 2013 08:07
International energy services company Wood Group, posted a 20 per cent rise in revenue from continuing operations in its full year ended December 31st, boosted by growth in all three divisions. Revenue from continuing operations totalled $6,821.3m (2011: $5,666.8m), while earnings before interst,
Read moreLondon close: Subdued finish to a quiet day
11th Feb 2013 16:34
The FTSE 100 was swinging between gains and losses for most of Monday's session with markets across Europe lacking direction on a quiet day. "Global markets are trading lower today which may be related to the significant strength within the markets within 2013," said market analyst Craig Erlam from
Read moreFTSE 100 movers: Miners broadly higher but Randgold takes a hit
11th Feb 2013 15:09
Miners were performing well today, with EVRAZ and ENRC among the highest risers on the blue-chip index. However, Rio Tinto was in the red despite the Australian Competition Tribunal ruling that its Hamersley and Robe rail network should not be opened up to other users. Supermarket giant Tesco wa
Read moreLondon pre-open: FTSE set to edge marginally lower in early trade
11th Feb 2013 07:24
City sources predict the FTSE 100 will open down two points from Friday's close of 6,264, as investors try to determine whether the rally seen in UK markets since the start of the year has any more left in the pot. US stocks rose on Friday after unexpected data showed that the nation's trade defic
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