Investments and investor services
FTSE 100 finishes in the red as BoE keeps rates on hold
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
Company
Petrofac Limited
LON:PFC
Petrofac is a leading international provider of facilities solutions to the oil & gas production and processing industry, with a diverse customer portfolio including many of the world’s leading integrated, independent and national oil & gas companies. The group delivers services through seven business units: Engineering & Construction, Engineering & Construction Ventures, Engineering Services, Offshore Engineering & Operations, Training, Production Solutions and Energy Developments.
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Investments and investor services
Will Sports Direct International investors still be optimistic when interims come out on Thursday?
Sports Direct International, Ocado Group, PZ Cussons, and Bunzl are among the names in Thursday's agenda.
Petrofac shares higher on North Sea sale speculation
The oil services group is to consider its options for its North Sea business
Archive
Federal Reserve Grinch to dominate among upcoming central bank rate decisions
The Week Ahead will be dominated by interest rate decisions from the US Federal Reserve, Bank of England and ECB, plus UK inflation and results from Ashtead Group, TUI, and Dixons Caphone among others
Provident Financial shares drop after FTSE 100 relegation
Frankie and Benny's owner Restaurant released financial results, but, investors focussed on commentary around the group's repositioning.
Investments and investor services
FTSE 100 closes higher as traders enjoy 'quiet in the storm'
London's FTSE 100 was trading steadily in Wednesday afternoon's exchanges.
Archive
WH Smith update could make good reading as the count-down to the end of summer continues
The day ahead includes a trading update from books to stationary retailer WH Smith, and results from HSS Hire PLC and Petrofac Limited ...
Archive
Final week of August lull to bring US jobs data, results from the likes of Bunzl and Hays
The week ahead includes results from Bunzl PLC, Hays, PLC, Ladbrokes Coral PLC, a trading update from WH Smith PLC, and the September US jobs report
Petrofac boss Asfari “strongly refutes” Italian insider trading charges
“I absolutely reject this decision which was made entirely in my absence, affording me no opportunity to defend myself," the Petrofac chief executive said
Petrofac flows higher as it offloads 50% stake in Mexican oil field
The oil services group has sold of its half of the Pánuco oil field in Mexico to project partner Schlumberger for an undisclosed sum
Petrofac gets Oman contract boost; Anglo African Oil & Gas up on acquisition completion
A look at some of the biggest risers and faller in London today ...
FTSE 100 receives boost from US jobless figures
The blue-chip index closed at 7,512, up 37 points on the day and 143 on the week
Amec Foster Wheeler confirms Serious Fraud Office investigation but says no impact expected on takeover by Wood Group
Wood Group simply noted that, as disclosed by its planned takeover partner, it is “not possible to estimate reliably what effect the outcome of this matter may have on Amec Foster Wheeler”
Could Shell cut its dividend for the first time since World War II?
Could the oil super major follow in Carillion’s footsteps and slash its dividend?
City analysts upbeat as Petrofac reassures investors
Goldman Sachs and Numis have positive views for Petrofac.
‘Business as usual’ says Petrofac, with key E&C division making “good progress”
There was little mention of the corruption scandal Petrofac has recently been dragged into
Archive
Debenhams and Carpetright to provide snapshots of hard-pressed UK retail sector
Day ahead: trading update from Debenhams, full-year results from Carpetright; Bank of England Financial Stability Report ...
US broker slashes Petrofac price target but thinks troubled oil services group is now a ‘buy’
Jefferies thinks the “attractive valuation” is too much to miss out on
FTSE 100 closes lower as Britain heads to the polls
The blue chip FTSE 100 index closed 28 points down at 7,449
Archive
AGM key for Amec Foster Wheeler, but US jobs more important for the market
Day ahead: US May jobs data; AGM for Amec Foster Wheeler
Petrofac in the red as Bentham proposes funding shareholder legal action against the group
Bentham Ventures is considering funding legal action against Petrofac as the company's share price plunged after the UK’s Serious Fraud Office launched an investigation into bribery claims
Petrofac’s slide continues as RBC slashes price target
Some of the main risers and fallers in London at 3.45pm
FTSE 100 closes at new high as pound wobbles
The FTSE 100 and FTSE 250 indices hit record highs today
OPEC should make the headlines, but Petrofac and other oilfield services firms provide a big, black cloud
Petrofac was the London market’s biggest faller, with its share price plunging by nearly 30% to reach its lowest level since the first half of 2009, wiping around £630mln off its total market value
Petrofac suspends COO, ring-fences CEO's activities from a SFO probe related to Unaoil
On May 12, Petrofac revealed that Ayman Asfari , its CEO, and Marwan Chedid, its COO, had been questioned by the SFO in connection with the ongoing investigation
FTSE 100 closes at record high; miners in support
The UK blue chip index closed at 7,454, below the new intra-day peak of 7,460.20, but above the previous high of 7,447 hit in March
Petrofac plunges on news of Serious Fraud Office investigation
A look at some of the biggest London-listed risers and fallers today
FTSE 100 closes at record high after third-straight week of gains
At the close, the UK blue chip index was up 0.7%, or 48.8 points at 7,435.4, not far below its all-time record of 7,447.0
Energy veterans join green revolution as Verditek reveals plans to float
Verditek will be the latest clean technology firm to go public when it lists on AIM next month
FTSE 100 ends higher before Fed rate decision
FTSE 100 shares ended higher on Wednesday, thanks to buoyancy in the pharma and mining sectors while a US rate card was considered in the bag, priced and sold on the market
Archive
Day ahead: Dividends, no PPI provisions the focus in Lloyds Banking Group results
Lloyds is forecast to report a a jump in 2016 pretax profits to around £4.4bn, up from £1.6bn a year earlier when it was hit by a huge bill for PPI scandal provisions.
Archive
Do dividends still not lie? (A word to the Weiss)
Investment guru Geraldine Weiss had a lot of success way back when, buying blue-chip shares approaching the top of their historical dividend yield range
Archive
Week ahead: Housebuilders and banks dominate agenda with slew of earnings
Housebuilders and banks will take centre stage with a slew of London-listed corporate earnings to be published.
Do dividends still not lie? (A word to the Weiss)
Investment guru Geraldine Weiss had a lot of success way back when, buying blue-chip shares approaching the top of their historical dividend yield range
Archive
Sirius Minerals named among the ‘top tips’ for 2017
Here we take a look at the medium and small cap companies included among Fleet Street's top stock market tips for 2017.
Goldman Sachs says Petrofac is set for contract boost as Middle East investments will pick up in 2017
Goldman rates Petrofac as a ‘buy’ with a £10.65 price target, which implies some 20% upside to the current price of 884p per share.
Archive
Day ahead – Customer losses key for British Gas-owner Centrica
At the end of July, Centrica said the UK's biggest energy supplier lost almost 400,000 customers in the first half of the year as households continue to switch to smaller suppliers after years of rows over too high bills and poor service.
Archive
Week Ahead: Bellway expected to have put in solid finish to eventful year
Big names reporting include Bellway, Dixons Carphone, John Wood Group, Go-Ahead Group, PZ Cussons and Berendsen
Investments and investor services
UK stocks end higher but wary of US rate hike
UK stocks ended higher on Tuesday but off their day’s best as speculation mounted over a December US rate hike
FTSE 100 stocks give up 7,000 level as miners come off on copper warning
FTSE 100 stocks gave up the 7,000 level on Wednesday as mining stocks dragged the market lower
Jefferies International takes dim view of Petrofac's prospects
Broker downgrades oil services group to 'hold' and reduces its price target
Archive
Petrofac at an inflection point, says Barclays
A look at some of the major broker upgrades and downgrades on the day
Petrofac upbeat about prospects despite backlog dip
Oil service group posted a US$700mln rise in revenue in the six months to June 30 to US$3.9bn
London shares hit fresh 14-month highs as brokers say weaker sterling could be good
London blue-chip and mid-cap stocks closed higher on Monday and both indices marked a fresh 14-month high with healthcare equipment, miners, pharma and biotech sectors driving the gains
FTSE 100 hits 52-week high as Shell and BP advance
Leading stocks pushed on over the lunchtime session, helped by the strength of oil stocks as the price of Brent crude rallied
FTSE 100 edges higher as oil gains outweigh mining losses
The FTSE 100 edged higher on the back of little or no corporate news, but the FTSE 250 retreated as Bovis disappointed with its trading update
Archive
Brokers bearish on Aviva and Direct Line
Barclays Capital and Deutsche Bank were bearish on insurance and savings groups on Wednesday as the markets continue to react to last week’s Brexit vote
Archive
Brokers pick their winners post-Brexit
Broadcaster ITV was downgraded, as was airline group IAG
Petrofac to hit profit expectations
Following a difficult couple of years, Petrofac expects to deliver a net profit for this year in line with expectations
PREVIEW - Trading statement from Costa owner Whitbread
Costa Coffee and Premier Inn owner is bringing out a trading statement Tuesday.
Week Ahead: Tesco looking for something a bit more drastic
Drastic Dave has been in the hot seat at Tesco for almost two years
Archive
Brokers: Imagination Tech bid chances rise on Chinese stake
Also, BP, Petrofac, Restaurant Group, Centamin, AA...
Investments and investor services
Standard Chartered is exposed after share price rally, says UBS
Standard Chartered, Petrofac, Victrex and Trinity Mirror are in the broker spotlight on Thursday.
Investments and investor services
Petrofac downgraded as Citi sees ‘anaemic’ contract outlook
Petrofac, Soco International, Associated British Food, Cobham, Barclays, and Vesuvius are all in Friday’s broker spotlight.
Friday's most followed - oil price, US non-farms and Amur Minerals
There's no doubt these are tough times for oil prices and associated firms as stockpiled barrels tower up and prices fall off a cliff.
Archive
Brokers: Oil services now worth a look suggests Jefferies
Petrofac, Debenhams, Interserve...
Investments and investor services
Risers & Fallers: Ascent, ECR Minerals, Edenville Energy, First Quantum, Minoan, New World Resources
Precious metals miners may be doing OK but the rest of the sector is getting clobbered.
Weir Group plans £40mln more cuts as profits fall
Oil services supplier said pre-tax profits fell 47% to £220mln in the year to January 1
Wednesday's agenda: Barratt Developments' focus on margins
Happy days are set to continue for Barratt Developments but Interserve might be finding the going a bit tougher
Archive
There is light at the end of Lloyds Banking's tunnel
Other companies featured: Amec Foster Wheeler, Aviva, Aveva, Hunting and Petrofac
Risers & Fallers: Empyrean Energy, Iofina, Mosman Oil & Gas, Photostar LED, Westminster Group
Empyrean's exist from a US shale project looks well-timed
FTSE100 registers triple digit gains
The index appears likely to end its run of eight straight daily falls,
Investments and investor services
FTSE100 rally gives investors something to cheer
The FTSE 100 Index was around 1.5%, or 90 points, higher to 5,964
FTSE 100 to claw back most of yesterday's losses
Not much Yellen and excitement is expected until tomorrow's interest rate decision from the US Federal Reserve
Tuesday's agenda: Carpetright on the right track with store closures
The Fed meeting will kick-off tomorrow, but no announcements will be made until Wednesday
Week ahead: All eyes on the upcoming Fed meeting
Whether or not the Federal Reserve will raise interest rates will likely keep investors occupied until the announcement on Wednesday
Broker spotlight: Optimism cooling on financial sector
Banking results season is imminent, prompting a few brokers to take stock.
Worst yet to come for oil firms, says Goldman Sachs
Goldman said third quarter of 2015 was likely to show signs of further deterioration
FTSE 100 climbs as Glencore leads miners higher
FTSE 100 was 76 points higher at 6,404 following more big gains by Glencore as it cut zinc production.
Petrofac ditches contentious ZPMC project
Petrofac ended its contract with ZPMC today, having signed the deal in 2013.
FTSE100 up 29 led by Glencore and Vedanta
London’s blue chips were on the front foot as the US Federal Reserve's latest minutes pointed to interest rates staying where they are for a while.
Investments and investor services
Risers & Fallers: Glencore, SeaEenergy, President Energy, Physiomics, GameAccount Networks...
Below are the main news-driven share price movements at 4pm.
Broker spotlight: Tesco, Lloyds Banking, Amec, Petrofac, Johnson Matthey, OPG Power Ventures
Tesco is far from out of the woods, according to Cantor Fitzgerald, which wants the retailer to set out its turnaround plans stretching forward to 2020.
Archive
Proactive news highlights including Goldplat, Fasatjet, Avation, Kromek, ANGLE, Tern and more...
A look back at the main news from the small cap space.
Ithaca Energy incentivises Petrofac for completion of Stella facilities
Petrofac will receive a further US$34mln depending on the timing of the FPF completion
Commodity price drop is changing face of stock market
Property and investment stocks are replacing miners and oilers in Footsie
Thursday's agenda - Fed rate decision only story in town?
A clutch of corporate announcements will greet investors on Thursday, but of course there is really only one story in town...
UK to produce more oil & gas for first time in 15 years
North Sea industry has lost 65,000 jobs since early last year
Petrofac upbeat despite more costs for ill-fated Laggan-Tormore project
The group saw strong revenue and order backlog growth, but that troublesome project in the Shetlands continues to cost it more money.
Tuesday's agenda: Can BHP protects its dividend policy?
With investors still shaken from the global sell-off on Monday, BHP Billiton and Regus throw themselves into the limelight tomorrow.
Big oil faces long road to recovery, but investors should stay on board
Restoring profits will take time but firms are making progress, analysts say
TUI upgraded thanks to “very positive” third quarter
TUI, Wolseley, Ferrexpo, Capitals & Counties and Derwent London are all in Monday’s broker spotlight
Archive
SSE backs North Sea with £565mln acquisition
The challenging West of Shetland gas project is due online in the coming months
Deutsche Bank takes a knife to 'Spoon's price target
The German bank has taken a stab at estimating how badly the profits of leisure firms will be hit by the new national living wage.
Archive
FTSE100 ends higher as new Greek proposal creates optimism
FTSE100 closed out the week over 91 points higher as traders cheered latest moves in Greece.
Archive
FTSE 100 celebrates as Greece PM decides game is up
FTSE 100 rose 98 points to 6,680 as Greece PM submitted new debt proposals.
Archive
FTSE100 ends higher as new Greek proposal creates optimism
Investors looked to a brighter future for Greece as its PM Alexis Tsipras submitted a new austerity plan.
Archive
Broker Spotlight – QinetiQ, BT, Telit , Stanley Gibbons ...
The recent rally in Qinetiq shares has gone too far
Investments and investor services
FTSE 100's winning streak ends as Greece remains at loggerheads with the EU
Time is running out for an agreement to be sealed before Greece has to make a massive repayment on its loan from the IMF
Archive
Broker Spotlight – Admiral, Shell, Rambler Metals...
Citi downgrades Admiral to 'sell', but remains a buyer of rivals eSure and Direct Line