London close: FTSE 100 back below 6,000
11th May 2011 16:51
After a calm start following good gains yesterday, shares took a sharp dive into the red as economic worries resurfaced. Despite a strong first start to the year, terrestrial broadcaster ITV, one of today's strugglers, has warned that it is facing tougher comparatives in the current quarter, meanin
Read moreFTSE 100 movers: ITV leads the fallers
11th May 2011 14:44
Terrestrial broadcaster ITV is the worst performing stock after warning that it is facing tougher comparatives in the current quarter, meaning that the firm could underperform the market in the first half. Banking giant HSBC is lower after announcing that it is to cut costs and may abandon some bu
Read moreLondon midday: FTSE 100 pauses after rally
11th May 2011 12:13
Shares are seeking direction following yesterday's big gains, with stocks moving in both directions on the back of updates. Despite a strong first start to the year, terrestrial broadcaster ITV has warned that it is facing tougher comparatives in the current quarter, meaning that the firm could und
Read moreLondon open: ITV takes a tumble
11th May 2011 08:29
The Footsie has opened up lower, with ITV providing a drag, taking a tumble in early trading. Despite a strong first start to the year, terrestrial broadcaster ITV has warned that it is facing tougher comparatives in the current quarter, meaning that the firm could underperform the market in the fi
Read moreWood Group on track
11th May 2011 07:00
International energy services company Wood Group is on track to meet full year expectations, after seeing good growth in the first four months of 2011. In the Engineering division, the group is seeing increased volumes in its upstream projects, though some projects continue to experience delays.
Read moreWood Group in Saudi joint venture
30th Mar 2011 07:04
Wood Group subsidiary Mustang Al-Hejailan Engineering is to merge with two Saudi-Arabian engineering businesses to form Mustang Al-Hejailan Dar PI (MHDP). The Wood Group subsidiary will be the major shareholder in the new venture. The junior partners are Dar E&C and PI-Consult, both of which are lo
Read moreSector movers: AMEC among oil services stocks making gains
17th Mar 2011 15:44
There are no sectors in the red as of Thursday afternoon, as London attempts to regain recent losses almost a week after the earthquake in Japan sent markets across the globe reeling. The oil equipment, services and distribution sector is higher with Infrastrata and Wood Group among those making ga
Read moreITV returns to Footsie
9th Mar 2011 19:34
ITV is returning to the FTSE 100 index in the latest quarterly changes. The television broadcaster was dropped from the FTSE 100 in September 2008 has risen by more than 75% over the past year and it promises to pay an interim dividend this year. ITV's underlying profit almost trebled to £321m i
Read moreWood Group wins Saudi contract
3rd Mar 2011 08:06
A consortium led by Wood Group subsidiary Mustang Al-Hejailan Engineering has been awarded a general engineering services contract by Saudi Aramco, Saudi Arabia's national oil company. The oilfield services support company said the contract runs for five years, with an optional three-year extension
Read moreTuesday tips round-up: Mondi, Helphire, Lancashire
22nd Feb 2011 06:57
Mondi is one of those perennial biggest companies that rarely makes the headlines, but that may be about to change. The papermaker, which is listed in Britain and in Johannesburg, sits just outside the FTSE 100, but a whacking 111% increase in its full-year dividend to 20 cents yesterday and a renew
Read moreWood Group hands out more cash
21st Feb 2011 07:31
More cash is heading the way of Wood Group shareholders after the oil services specialist upped its dividend last year by 10% despite profits falling slightly. Wood has already promised to return at least $1.7bn, or about 195p per share, after the sale of its well support operations to General Elec
Read moreTuesday tips round-up: John Wood, Kazakhmys, Harvey Nash...
15th Feb 2011 06:45
There can be few cavils over the price that the board of John Wood Group has raised from the sale of its well support division. A net $2.6bn after tax, fees and expenses was significantly higher than the market had been expecting. Once the sale is completed and cash returned to shareholders, the sh
Read moreLondon close: Flat finish for FTSE 100
14th Feb 2011 16:42
The top share index finished flat after a sluggish day's trading. Takeover talk pushed the price of engineering stalwarts Weir Group and Invensys higher, with engineering colossus Siemens said to have cash burning a hole in its pocket. The German company's chief financial officer, Joe Kaeser, sai
Read moreFTSE 250 movers: Oil groups surge
14th Feb 2011 16:30
Oil groups Exillon Energy and Wood Group roared ahead, while sector peer Heritage Oil tops the fallers list. Exillon, the oil producer with assets in northern Russia and West Sibera, said that the estimate of proved (1P) reserves has increased by 40% to 112m barrels, while proved plus probable (2P)
Read moreLondon afternoon: Footsie in red despite miners
14th Feb 2011 14:29
Mining stocks are buoyant after China's economy grew 9.8% in the final quarter of 2010, but demand for miners has not prevented the blue-chip index from sliding into the red. Takeover talk is pushing the price of engineering stalwarts Weir Group and Invensys higher, with German engineering colossu
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