Friday tips round-up: WPP, Wood Group, Barratt
11th May 2012 06:54
In the Telegraph Questor is still keen on advertising goliath WPP. Yesterday it reported strong revenue growth in all regions, with emerging markets, in particular booming (+11.2 per cent over the prior year). This year has the "golden triple" of the European football championships, the London Oly
Read moreSector movers: ARM lifts tech stocks, Wood Group boosts oil services
10th May 2012 16:27
The technology hardware and equipment sector was performing strongly today with heavyweight constituent ARM Holdings providing a lift. The FTSE 100 chip designer was gaining over 4% in afternoon trade riser after Bernstein upgraded its rating on the stock from underperform to market perform and ra
Read moreWood Group confident on 2012 prospects
10th May 2012 12:21
Engineering services firm Wood Group says it has seen growth across all its divisions in the first half of its financial year although downstream operations (building refineries to process oil and gas) are being hit by lower expenditure in the US. Today's update makes clear there is a plethora of u
Read moreWood Group bags huge Aussie gas project
30th Apr 2012 08:10
Mustang, a subsidiary of oilfield support services firm Wood Group, has been awarded engineering and support contracts for the world's biggest semi-submersible production facility. This enormous processing plant will serve the Ichthys gas field, 200 kilometres (km) off the coast of Western Australi
Read moreLondon open: Cautious start after yesterday's sell-off
11th Apr 2012 08:27
- Miners rebound after steep losses yesterday - Eyes on Spanish yields as industrial output slips - BT falls after downgrade The Footsie swung between gains and losses on Wednesday morning after closing at a four-month low the day before. The blue chip index lost 2.24 per cent on Tuesday to finish
Read moreWood Group says the cheque is (almost) in the post
11th Apr 2012 07:23
Wood Group said that holders of its B shares who had their holdings bought back by the company at 140p a share should be receiving funds from the transaction in the next week or two. The buy-back was part of the oilfield services group scheme to return £665m of cash to shareholders, announced in Ju
Read moreSector movers: Oil services stocks drop, defensives in demand
10th Apr 2012 15:09
Drugs and utilities stocks were among the few making gains on Tuesday afternoon, as investors sought 'safer', more defensive assets on the back of some gloomy employment data out from the US on Friday. GlaxoSmithKline and AstraZeneca were providing a lift in the pharmaceuticals and biotechnology se
Read moreWood Group sells discontinued US turbopower business
5th Apr 2012 12:23
Wood Group has sold its US-based aero engine maintenance provider, Wood Group Turbopower to CPR Aerospace. The business has been discontinued for several years. The gross assets of the business disposed of were $18.7m. The share price fell 0.14% to 712.00p. NR
Read moreNon-Exec at Kofax stocks up
20th Mar 2012 16:19
Mark Wells, a non-executive director at Kofax, a provider of capture driven process automation solutions, bought 15,000 at 302.00p each this week. The £45,300 purchase comes one month after the firm reported a 31% slide in profit to $3.8m for the quarter ended December 31st. Total revenues for th
Read moreSURF's up for Wood Group as it wins Shell gig
15th Mar 2012 07:28
Oilfield support services behemoth Wood Group has got the gig to provide oil and gas colossus Shell with sub-sea, umbilical, riser and flow-line (SURF) engineering and construction management services worldwide. The primary focus of the five-year frame agreement is on the Asia Pacific region, along
Read moreBroker tips: Morrison, Aviva, Wood Group
8th Mar 2012 12:11
Morrison is 'delivering for shareholders again', according to Jefferies which has reiterated its buy recommendation and 350p target price for the supermarket retailer this morning. The US broker says that Morrison's final results look strong, with profits before tax (PBT) of £935m coming in ahead o
Read moreBroker snap: UBS ups target for Wood Group
8th Mar 2012 10:52
UBS believes that the post-results share price fall for oil services engineering group Wood Group represents a good buying opportunity and has raised its target price for the stock from 730p to 810p. Wood Group reported on Tuesday that profit from continuing operations before tax and exceptionals i
Read moreThursday broker round-up - UPDATE
8th Mar 2012 09:31
Admiral: Nomura raises target from 1,100p to 1,300p, buy rating kept; Collins Stewart ups target from 975p to 1,110p, hold rating kept; Credit Suisse reiterates outperform rating and 1,300p. Afren: UBS raises target from 140p to 150p, buy rating maintained. Amlin: Jefferies raises target from 317p
Read moreWednesday broker round-up - UPDATE
7th Mar 2012 08:33
John Wood: HSBC downgrades to underperform from neutral. Aquarius Platinum: Panmure Gordon upgrades to buy from sell. Lonmin: Panmure Gordon upgrades to buy from sell. Admiral: Nomura maintains buy rating and 1,100p target. Anglo American: AlphaValue upgrades to buy from add and lowers pri
Read moreSector movers: Global concerns weigh on resource stocks
6th Mar 2012 16:18
Every sector was either flat of registering losses on Tuesday, as the ongoing Greek crisis dampened sentiment across equity markets. Europe is awaiting a final decision this week on the Greek debt restructuring. Private investors have a March 8th deadline to decide if they will accept a debt exchan
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