Sector movers: Oil services stocks fall as crude sinks
21st Nov 2011 13:44
Every sector was either trading flat of registering a loss on Monday as European and US debt concerns sparked a mass sell-off. Oil equipment, services and distribution stocks were the worst performers as oil prices sank for the third day. The Finance Ministry of Japan, the third-largest crude oil c
Read moreWood Group wins £500m contract
15th Nov 2011 12:42
Oilfield support services giant Wood Group said it had been awarded a £500m contract to provide maintenance services in the North Sea. The five-year deal with Talisman Energy, which has an option to extend for a further five years, will see Wood providing operations and maintenance services on all
Read moreDouble director sale at Monitise
8th Nov 2011 13:56
Two of the most senior directors of Footsie AIM 50 listed firm Monitise have sold shares in the firm just one week after stock broker Evolution Securities lifted its target on the stock to 45p. Chief executive officer and co-founder of the mobile payments firm Alastair Lukies and chief commercial
Read moreFTSE 250 Movers: Mothercare plunges
5th Oct 2011 15:28
Mothercare, which also operates the Early Learning Centre brand, has seen its share price plummet 35.84% on news of a 9.6% decline in like-for-like sales in the UK in the last quarter. Investors seem unimpressed at a 4.9% boost in total group sales, including its fast growing international division
Read moreUPDATE: Wednesday broker round-up
5th Oct 2011 09:12
Sainsbury: H2O Markets downgrades to hold. Tesco: Baadar Bank confirms buy rating and 500p target. Kingfisher: Investec keeps hold and 245p target. Wood Group: Investec places target under review, hold recommendation maintained. SuperGroup: Peel Hunt downgrades from buy to hold, target put unde
Read moreRobust pipeline at Wood Group
5th Oct 2011 07:54
Oilfield support services giant Wood Group said performance in the year to date has been in line with expectations, with the order backlog and bidding pipeline in good shape. Growth in the Engineering division continues to be driven by the upstream and sub-sea & pipeline activities, while Wood Grou
Read moreSector movers: Oil-related stocks plummet as Brent drops below $100
4th Oct 2011 15:36
Unsurprisingly, there were only two categories making gains on Tuesday, as markets worldwide suffered a broad sell-off on the back of the ongoing debt crisis in Europe. In London, the oil equipment, services and distribution sector was among the worst performing groups of stocks in the afternoon as
Read moreLondon close: Oil stocks pull Footsie above 5,300
7th Sep 2011 16:26
Oil stocks were the star performers on a decent day for the Footsie, which clawed its way back above the 5,300 mark, helped by a better start on Wall Street. The oil companies were leading the rise on Wednesday, with Tullow Oil, Essar Energy and BP being helped by a rising oil price. Drilling in
Read moreSector movers: Oil and gas groups track crude prices higher
7th Sep 2011 15:51
BP, BG and Wood Group were among the best performers on the FTSE 100 on Wednesday afternoon, providing a boost to the oil and gas producing sector. Drilling in the previously untested northern segment of the Mad Dog field in the Gulf of Mexico has resulted in a "significant resource extension", acc
Read moreLondon close: Late rally pulls Footsie into the blue
23rd Aug 2011 16:31
After a strong start on Wall Street - which saw the three benchmark indices gain at least 1.1% each - the Footsie ended in positive territory, despite dipping into the red in the afternoon. However, gains were only modest as volatile trade continued. Security services provider G4S was the high rise
Read moreLondon midday: Stocks stay buoyant as bid talks boost Charter
23rd Aug 2011 12:09
The FTSE 100 remains buoyant, with some action on the mergers & acquisitions front giving traders another distraction from ongoing global economic concerns. Engineering group Charter International has confirmed speculation that it has received a second offer following a previous one from rival Melr
Read moreJohn Wood sees revenues rise
23rd Aug 2011 07:46
John Wood Group, the rapidly transforming oil and gas services firm, is seeing 'good momentum' across its business, with the order book remaining strong and the bid pipeline healthy. Earnings before interest, tax and amortisation (EBITA) in the first half of 2011 rose 25% to $192m from $153.3m last
Read moreLondon close: Autonomy movement helps limit losses
19th Aug 2011 16:38
Stocks finished in the red heading into the weekend but off their daily lows, having bounced back into the blue from heavy losses earlier on. Today's standout stock was Autonomy rocketed by over 75% in early trading after US computing giant Hewlett-Packard made a recommended offer for the Cambridge
Read moreLondon midday: Lloyds and RBS fall again as FTSE 100 slides
19th Aug 2011 12:03
The leading share index is stuck below the 5,000 point mark amid continuing worries over the global economic situation. Banks Lloyds and RBS are suffering hefty losses again as is IAG, the owner of British Airways. But shares in Autonomy rocketed by over 75% in early trading after US computing gi
Read moreLondon open: Autonomy bucks trend as Footsie tumbles
19th Aug 2011 08:27
The Footsie tumbled over 1% in the opening minutes on Friday, despite a surge by software giant Autonomy. However, Autonomy was just one of the four lone stocks making gains, as the blue chip index looks set to fall below the 5,000 mark. Shares in Autonomy rocketed by over 75% in early trading afte
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