Wood Group drops after mixed update - UPDATE
13th Dec 2012 07:39
Energy services giant Wood Group has said that it expects to deliver good growth this year, with overall conditions in energy markets remaining 'favourable'. However, shares were down by 4.36% at 735p in afternoon trade on Tuesday after the company reported mixed conditions in its Engineering and G
Read moreLondon close: Miners surge on US hopes
29th Nov 2012 16:39
- US GDP and housing data boosts stocks - 'Fiscal cliff' concerns ease after politicians' comments - Mining stocks rise on demand hopes Hopes about the US economy were driving gains on Thursday as investors reacted positively to comments from politicians about the 'fiscal cliff' and decent economic
Read moreSector movers: Wood Group drags oil services lower after share sale
29th Nov 2012 15:47
Wood Group was under heavy selling pressure on Thursday afternoon, providing a drag on the oil equipment, services and distribution sector. Shares in the energy and power services giant were down 4.42% at 779p before the close after the family and charities of Sir Ian Wood, the former Wood Group Ch
Read moreFTSE 100 movers: Miners lead the way
29th Nov 2012 15:39
Rio Tinto was among the best performers on Thursday after Chief Executive Tom Albanese boasted at an investors seminar that the company was 'very well positioned despite the challenging global environment'. The company said it is targeting five billion dollars of cost savings by the end of 2014 as
Read moreLondon midday: Stocks rise after 'optimistic' comments on 'fiscal cliff'
29th Nov 2012 11:41
Hopes that the US can avert the impending 'fiscal cliff' were helping markets register decent gains on Thursday morning, following comments from policy-makers Stateside yesterday. US Republican Speaker of the House John Boehner said that he was "optimistic that we can continue to work together to a
Read moreLondon close: Footsie at two-month low on global uncertainty
15th Nov 2012 16:31
- FTSE 100 at lowest level since early September - US, Eurozone and UK data disappoints - BP reaches settlement with US DoJ Political uncertainty and disappointing economic figures the world over weighed heavily on UK stock markets today, pushing the FTSE 100 close to its lowest levels since early
Read moreSector movers: Wood Group and AMEC drag down oil services
15th Nov 2012 16:15
Oil services stocks were out of favour on Thursday afternoon with sector constituents Wood Group and AMEC suffering large falls. Oilfield services firm Wood Group sank after Nomura named it as one of the "top 'reduces' for 2013." The broker said that the stock is trading at a 24% premium to the s
Read moreFTSE 100 movers: Evraz shares rebound into top spot
15th Nov 2012 15:48
Evraz, the steel, mining and vanadium group, was recovering well a day after proposing that a covenant be removed relating to $577m of outstanding guaranteed notes due 2015. The miner is seeking to remove a covenant requiring the company to maintain the net leverage ratio at or below a specified lev
Read moreLondon midday: Stocks slump on global economic concerns
15th Nov 2012 11:49
US budget talks, Eurozone debt concerns and violence in the Middle East combined to pressure stocks lower on Thursday, pushing the Footsie to levels not seen since early September. The FTSE 100 hit an intraday low of 5,687 early on, before recovering to around the 5,700 mark by lunchtime. The last
Read moreLondon close: Market in bullish mood after upbeat data and earnings
1st Nov 2012 16:46
- Better-than-expected US data bolsters gains late on - Corporate earnings from Lloyds, BT, BSkyB and others impress - Chinese manufacturing figures beat estimates A flood of economic data from the US and China and a barrage of well-received results from some heavyweight stocks in the UK helped the
Read moreLondon midday: Stocks rise after flurry of corporate updates
1st Nov 2012 11:50
- Results impress from BT, BSkyB, Lloyds... - Markets await barrage of economic data Stateside - Chinese manufacturing beats expectations Impressive gains from BT Group, Lloyds, BSkyB and Legal & General were lifting the FTSE 100 higher on Thursday, with better-than-expected economic figures from
Read moreLondon open: Heavy hitters impress early on - BT, BSkyB, Lloyds...
1st Nov 2012 08:47
- Results impress from BT, BSkyB, Lloyds... - Chinese manufacturing beats expectations - Footsie gains 0.3 per cent early on Following a sell-off the day before, the FTSE 100 rebounded on Thursday morning with well-received results from blue chip constituents BT Group, BSkyB, Lloyds, Shell and Lega
Read moreFirst day on the job for new Wood Group CEO and Chairman
1st Nov 2012 08:19
Wood Group, the oilfield support services company, will today welcome its newly appointed Chairman, Allister Langlands, the former Chief Executive Officer of the company, who has been replaced by Bob Keiller. Langlands has been the CEO of Wood Group since January 2007 and before that Deputy Chief
Read moreFTSE 100 movers: BP beats forecasts
30th Oct 2012 15:28
Oil giant BP gained ground after profits came in well ahead of forecasts in the third quarter and the company moved early on a dividend increase to nine cents per share (up 12.5%). In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net income of $5,170m on
Read moreWood Group to work on UK's largest offshore met mast
30th Oct 2012 07:21
Oilfield support services Wood Group has bagged a multi-million pound contract for a wind farm off the coast of the UK. The £17m contract is to fabricate, install, commission, operate and maintain two weather monitoring stations off the Norfolk and Suffolk coast. Fabrication of the meteorological
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