London midday: Markets celebrate global corporate earnings
19th Jul 2012 11:45
- Corporate earnings lift sentiment - UK June retail sales meet forecasts as prices drop - Kingfisher falls after rain dampens sales European stock markets were firmly in the blue on Thursday morning on the back a barrage of upbeat quarterly earnings reports from blue chips across the globe. "A co
Read moreThursday broker round-up
19th Jul 2012 09:43
Afren: JP Morgan Cazenove reiterates overweight. Avocet: Westhouse Securities upgrades to buy. Barclays: Goldman Sachs upgrades to neutral, target cut from 250p to 220p. BG Group: Credit Suisse downgrades from outperform to neutral, target cut from 1,660p to 1,500p. British American Tobacco: Inv
Read moreLondon open: Footsie edges higher, but Kingfisher falls
19th Jul 2012 08:23
- Kingfisher leads fallers on the Footsie - Upbeat European earnings lift sentiment - Fed says US expanding at 'modest to moderate' rate UK stocks edged higher in early trading on Thursday on the back of some upbeat earnings reports from heavyweight European stocks AkzoNobel, Sandvik and Novartis.
Read moreCEO moves up at Wood Group as Chairman retires
19th Jul 2012 07:24
Sir Ian Wood, the Chairman of oilfield services firm Wood Group, is to retire in November to be succeeded by the group's Chief Executive Officer (CEO), Allister Langlands. Bob Keiller, the Chief Executive of the Wood Group PSN division, will become group CEO. The practice of a CEO moving up to be
Read moreSector movers: Oil services stocks gain on broker comments
3rd Jul 2012 15:40
The oil equipment, services and distribution sector was one of the best performing categories on Tuesday afternoon with Petrofac and AMEC among the stocks providing a lift. Petrofac, which specialises in the design of hydrocarbon processing plants, was up over 1% after Liberum Capital upgraded its
Read moreWood Group up on solid first half
29th Jun 2012 09:07
Engineering services firm John Wood Group rose on Friday morning after revealing encouraging trading at its three main divisions in the six months to the end of June. The firms says the engineering unit will deliver revenue and margin improvements, resulting in a 30% boost to earnings before intere
Read moreWednesday broker round-up
27th Jun 2012 09:20
Alliance Pharma: Investec downgrades from buy to hold, target slashed from 34p to 25p. APR Energy: Credit Suisse keeps outperform rating and 1,300p target. Aviva: Jefferies downgrades from buy to hold, target cut from 386p to 281p. Avanti Comms: Jefferies retains buy rating and 600p target. Brit
Read moreThursday broker round-up
21st Jun 2012 09:13
ARM Holdings: Investec maintains buy rating and 800p target. Ashtead: Jefferies ups target from 300p to 320p, buy rating retained. Bellway: Goldman Sachs downgrades to neutral. British Land: Societe Generale downgrades to sell. CRH: HSBC upgrades to overweight. Dignity: Goldman Sachs downgrades
Read moreWood Group wins Shell contract in US
21st Jun 2012 08:22
Energy services firm Wood Group has been awarded a multi-year engineering, procurement and construction management (EPCM) framework agreement by Shell Oil Products US. The agreement has been awarded to Wood Group's Mustang division which works provides EPCM services to the upstream oil and gas, ref
Read moreJohn Wood Director pares some of his new holdings
14th Jun 2012 18:05
On June 13th, Mark Papworth, a director of oilfield services firm Wood Group and the Chief Executive Officer of its GTS division, exercised 100,000 options which were granted to him on March 25th 2008 under the terms of the company's Long Term Retention Plan. The shares represented 0.027% of the f
Read moreFidessa Chairman tops up after share price tumble
14th Jun 2012 16:11
Shares in Fidessa Group have fallen by almost a pound from 1540p at the end of May, prompting Chairman John Hamer to have a little nibble. Hamer spent £15,631 buying 1,078 shares at 1,450p each, a day after FMR LLC, a part of fund management group Fidelity Investments, said it had reduced its stake
Read moreLondon close: Stocks rebound, EU summit eyed
21st May 2012 17:14
- G8 underwhelms; markets look to EU summit - Hollande expected to push eurobond idea to Merkel - Risk-on as financials, miners advance; defensives sold London's FTSE 100 finished firmly higher on Monday following a poor performance last week which saw the blue chip index slump to its worst levels
Read moreLondon midday: Stocks rise but Eurozone still in focus
21st May 2012 11:31
- G8 underwhelms as euro crisis continues to hamper sentiment - Cameron warns Eurozone to anticipate Greek exit - Barclays to offload BlackRock stake The FTSE 100 had held on to early gains by Monday lunchtime, as the blue-chips index rebounds from hitting a six-month low on Friday. US stock future
Read moreBroker snap: Nomura downgrades Wood Group to reduce
11th May 2012 10:21
Nomura has cut its rating on oil and gas services company Wood Group from neutral to reduce, saying that the stock's valuation is now demanding and its turbo-machinery services division GTS is at risk of disappointing. "Wood Group (WG) gave a confident outlook for 2012 in its IMS and maintained gui
Read moreFriday broker round-up
11th May 2012 09:08
Aquarius Platinum: UBS cuts target from 155p to 110p, neutral rating kept. ARM Holdings: finnCap upgrades from hold to buy, target left at 575p [ARM is a corporate client of finnCap]. BT Group: Nomura reiterates buy recommendation and 295p target. Catlin: Nomura keeps buy rating and 506p target.
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