Senior independent director shows faith in battered Morgan Crucible
15th Oct 2012 17:01
There is nothing like a profit warning to induce a director purchase, and Monday saw an almost classic example relating to Morgan Crucible. On Friday the shares plummeted after the industrial materials provider warned trading conditions have deteriorated across most geographies, particularly in Eur
Read moreWood Group completes acquisition of Mitchells Oil Field Services
12th Oct 2012 08:16
Wood Group, the international energy services company, has completed the acquisition of Mitchells Oil Field Services. As previously announced, the $135m acquisition significantly increases the company's presence in the US Bakken shale region and is expected to be earnings-enhancing from completion.
Read moreWood Group satisfies conditions of Mitchell acquisition
8th Oct 2012 13:22
Wood Group, the international energy services company, has confirmed that is has received anti-trust approval from the US Federal Trade Commission for its proposed acquisition of Mitchell's Oil Field Services. The conditions of the acquisition have now been satisfied, and the transaction is now exp
Read moreLondon close: Miners surge after US jobs figures beat forecasts
5th Oct 2012 16:44
- US data spreads some cheer - Mining stocks gain though Anglo bucks the trend - Tesco continues to fall after interim results The FTSE 100 index finished the day with decent gains on Friday as some better-than-expected employment figures from the US lifted sentiment late on. "A firmer but fairly
Read moreFTSE 100 movers: Miners rise following positive US jobs report
5th Oct 2012 15:24
Blue-chip mining stocks were registering impressive gains following decent figures in the US jobs report, which has eased concerns about the global economy and worries about the demand for commodities. ENRC, Kazakhmys, Evraz, and Vedanta, were among the risers. Luxury brand Burberry rose after Mor
Read moreLondon midday: Stocks continue to gain ahead of US payrolls
5th Oct 2012 11:52
- Markets await non-farm payrolls from the US - Miners lead risers in London - Tesco continues its decline The FTSE 100 was trading at its best levels of the day by Friday lunchtime ahead of a key jobs report from the US, with miners dominating the risers list in London. "European financial market
Read moreLondon open: Footsie bolstered by miners ahead of US data
5th Oct 2012 08:48
- Burberry, Wood Group and miners lift FTSE 100 early on - Markets await US payrolls data - IMF to cut global GDP forecast Stocks edged higher on Friday morning ahead of some closely-watched jobs data from the US later today; Burberry, Wood Group and the miners were among the highest risers on the
Read moreWood Group powers on
5th Oct 2012 08:41
Wood Group is doing more than all right in favourable energy markets, and expects strong cash-flow in the remainder of the year. The group continues to deliver good growth and is confident of achieving full year performance in line with expectations. The group is divided into three divisions - Eng
Read moreFriday broker round-up
5th Oct 2012 08:19
Anglo American: AlphaValue upgrades from add to buy. Betfair: Panmure Gordon cuts target from 1,000p to 977p, buy rating kept. BHP Billiton: AlphaValue downgrades from add to reduce. Burberry: Morgan Stanley upgrades to overweight, target kept at 1,190p; UBS keeps neutral rating and 1,170p target
Read moreLondon pre-open: FTSE to track US stocks higher
5th Oct 2012 07:29
City sources predict the FTSE 100 will open up 21 points from yesterday's close of 5,828, boosted by a significant rise in US stocks last night, which were in turn buoyed by positive economic data readings ahead of the September jobs report and following "as-expected" policy decisions this afternoon
Read moreWood Group on track as markets remain favourable
5th Oct 2012 07:03
Oilfield services firm Wood Group continues to be confident of hitting full year profit targets, with conditions in energy markets remaining favourable. "We anticipate strong operating cash flow in the second half, and our strong balance sheet provides a robust platform for growth," the group's int
Read moreFriday preview: US jobs, Wood Group
4th Oct 2012 17:20
Friday is a slow day for scheduled corporate news so focus will naturally veer across the Atlantic to the September US non-farm payrolls release at 13:30. The market is expecting payrolls to increase by 111,000 after August's 96,000 increase. The US unemployment rate is seen rising to 8.2% from 8.1
Read moreGalliford Try Finance Director sells as firm doubles divi
19th Sep 2012 16:40
Frank Nelson, the Finance Director of Galliford Try, the house-building and construction firm, has sold 80,000 shares on the same day the company reported soaring profits in the year ended June 30th. Nelson, who was appointed to the board in 2000, traded in the shares at 686.63p each for a total o
Read moreSoon-to-be-Chairman at Thorntons shows his support
14th Sep 2012 15:38
Paul Wilkinson, a Senior Independent Director of chocolate maker Thorntons, has put his money where his mouth is after the firm said full-year profit before tax and exceptional items fell sharply in the face of continued tough trading conditions. Wilkinson, who was this week unveiled as the company
Read moreHouston, we have a contract, says Wood Group
13th Sep 2012 07:21
Oilfield support services firm Wood Group has snared a contract with NRG Energy to design and construct a 75 megawatt gas turbine peaking facility at the W A Parish Generating Station, located some 25 miles southwest of Houston. The $24m turknkey solution requires Wood Group to install the complete
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