19 Nov 2015 09:36
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Fri, 18th Dec 2015 07:44
(ShareCast News) - Amec Foster Wheeler underpinned its South African operations on Friday, and extended its relationship with miner Petra Diamonds, with the announcement of a new partnership in the country.The FTSE 250-listed company confirmed the award of an Engineering Procurement and Construction Contract for Petra's Cullinan Mill Extension Project, near one of South Africa's capital cities - Pretoria.Amec Foster Wheeler said the contract was valued at ZAR1.4bn (£61.71m), and followed the successful front end engineering and design work for the project.It will see the group provide design, procurement and construction services for the mine's six million ton per annum milling, dense media separation and sorting process facilities.The contract will be executed by Amec Foster Wheeler's South African mining subsidiary, MDM Engineering."We have a wealth of experience in the South African diamond industry and are pleased to use it to not onlt take the prestigious Cullinan Project to the next important phase of development, but also to further our partnership with Petra Diamonds", said Amec Foster Wheeler's Roberto Penno.
More News
6 Nov 2015 13:47
FTSE 250 movers: Tullett Prebon and ICAP acquisition talks boost market
(ShareCast News) - The FTSE 250 is on track to finish the week on a high, with the market up 99.55 points (0.58%) mid-afternoon Friday to 17,216.68 points. Tullett Prebon and ICAP were the biggest risers on the back of confirmation that Tullett Prebon is in discussions regarding the possible acquisi
Read more6 Nov 2015 12:00
Citi, UBS downgrade Amec but SocGen keeps at 'buy' after share price slump
(ShareCast News) - Amec Foster Wheeler shares were under pressure again on Friday, having suffered heavy losses in the previous session when the oil and gas engineering services company said it was cutting its dividend by half amid tough market conditions. Citigroup downgraded the stock to 'neutral'
Read more6 Nov 2015 11:43
Friday newspaper share tips: Sell as Amec Foster Wheeler faces more pain
(ShareCast News) - Traders should sell shares in Amec Foster Wheeler as the company prepares for the long haul, according to The Telegraph's Questor. The oil and gas engineering services company announced on Thursday it was cutting its dividend by half and lifting its cost-savings target from £120m
Read more6 Nov 2015 11:14
Friday broker round-up
(ShareCast News) - Weir Group: Citigroup downgrades to neutral. Target price: 1200.00p Amec Foster Wheeler: UBS downgrades to neutral, cuts target price to 600.00p. Citigroup downgrades to neutral. JP Morgan Cazenove reiterates to overweight, reduces target price to 739.00p Rsa Insurance Group:
Read more5 Nov 2015 16:36
London close: Copper prices weigh on Footsie despite dovish MPC
(ShareCast News) - Equities ended near their worst levels of the day despite a dovish set of minutes from the Bank of England's last Monetary Policy Committee meeting, weighed down by a further drop in commodity prices. Following its meeting, the MPC said there were downside risks to growth
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