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Amec Foster Wheeler CEO steps down

Mon, 18th Jan 2016 07:30

(ShareCast News) - Amec Foster Wheeler's chief executive Samir Brikho is stepping down from his role, the oil and gas engineer announced alongside a very brief trading update.Chief financial officer Ian McHoul has been appointed to the role of interim CEO with immediate effect and will chair the group leadership team while the search for a new chief executive is conducted.Amec said it would consider both internal and external candidates, adding that McHoul is not putting himself forward for the role.Also on Monday, the company said trading results for 2015 are in line with expectations, while trading for this year has also started in line.In addition, Amec said its credit facilities are progressing to plan.

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Amec Foster Wheeler slashes dividend, sees long oil weakness

(ShareCast News) - Shares in Amec Foster Wheeler tumbled after the oil and gas engineering services company announced it was cutting its dividend by half and lifting its cost-savings target for the year amid tough market conditions. The company increased its cost savings target by $55m to $180m (£12

5 Nov 2015 08:38

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5 Nov 2015 07:57

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4 Nov 2015 14:07

FTSE 250 movers: Oil bounce and Drax retrofit news fire mid-caps

(ShareCast News) - After a strong start on Wednesday, the FTSE 250 lost momentum but by mid-afternoon was still in positive territory, helped by an oil price bounce. Lifted by a 40-point rise in crude oil, due to a strike in Brazil that is estimated to have put a 25% dent into Brazilian production,

4 Nov 2015 10:31