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Amec Foster Wheeler secures £35m MoD contract

Tue, 17th Jan 2017 07:50

(ShareCast News) - Amec Foster Wheeler has been awarded a contract worth about £35m to supply the UK Ministry of Defence with research and technology services.The work, for the MoD's Naval Nuclear Propulsion Programme, will be carried out over five years and will sustain about 70 jobs at Amec's offices and laboratories in Warrington and Dorchester in the UK.The R&T contract covers critical areas of capability such as materials performance, materials science, modelling, code development, thermal hydraulics and non-destructive testing and examination.Clive White, President of Amec's Clean Energy business, said: "We are valued for our technical expertise, comprehensive laboratory and analytical resources, strong relationships with academia, and best-in-class project and programme management. We are proud to serve this vital national programme, continuing the important work we have done for many years."Amec Foster Wheeler has provided support to the NNPP for several decades and this new contract secures that arrangement.
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1 Oct 2015 13:43

FTSE 250 movers: Tullow Oil rockets, but BBA Aviation crashes on broker downgrade

(ShareCast News) - London's FTSE 250 index was up 0.7% to 16,791.70 at 1525 BST on Thursday, as the broader market bounced back from recent losses and got a boost from better-than-expected UK manufacturing data. Shares in oil exploration and production company Tullow Oil rocketed after it said its l

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1 Oct 2015 08:44

BROKER RATINGS SUMMARY: UBS Raises Diageo To Buy From Neutral

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1 Oct 2015 07:18

LONDON BRIEFING: Miners Keep Market Rally Going

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25 Sep 2015 07:45

London pre-open: Stocks to start higher after Fed's Yellen

(ShareCast News) - Stocks will start the day higher after Fed chair Janet Yellen indicated overnight the US central bank was keeping all options on the table as regards a first hike in interest rates this year. "Most of my colleagues and I anticipate that it will likely be appropriate to raise the t

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25 Sep 2015 07:20

Franklin appointed to Amec Foster Wheeler board

(ShareCast News) - Cuadrilla chairman Roy Franklin has been appointed to the board of Amec Foster Wheeler, the consultancy, engineering and project management company said on Friday. Franklin is also currently chairman of Keller Group and deputy chairman of Statoil ASA and is a non-executive directo

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15 Sep 2015 16:22

FTSE 250 movers: Oil services stocks gush, Stagecoach hit by living wage warning

(ShareCast News) - After hitting a six-day low in early trade, the FTSE 250 index closed the session in positive territory on the back of mining and oil & gas sector gains. Vicissitudinous platinum miner Lonmin topped the mid-cap index for the second day as platinum, which is closely linked to the c

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14 Sep 2015 08:36

BROKER RATINGS SUMMARY: Jefferies Ups BHP Billiton, Cuts Antofagasta

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4 Sep 2015 08:44

BROKER RATINGS SUMMARY: Exane BNP Cuts Next, Raises Kingfisher

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3 Sep 2015 13:37

Amec Foster Wheeler Chief Heads Up New North Sea Efficiency Task Force

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30 Aug 2015 11:38

Amec Foster Wheeler gearing up for return to Iran

(ShareCast News) - Executives at Amec Foster Wheeler, the biggest oil and gas engineer in Britain, have held talks with the foreign secretary Philip Hammond about returning to Iran. The discussions come after the nuclear agreement reached with the Iranian government earlier this year. The deal is a

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28 Aug 2015 08:35

BROKER RATINGS SUMMARY: Credit Suisse Cuts Next And Raises IHG

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27 Aug 2015 10:17

TOP NEWS SUMMARY: CRH Buys US's CR Lawrence For USD1.3 Billion

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27 Aug 2015 10:08

UPDATE: Amec Foster Wheeler Reports Lower Interim Pretax Profit

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27 Aug 2015 07:36

Amec Foster Wheeler interim profit drops amid challenging market conditions

(ShareCast News) - Oil and gas services company Amec Foster Wheeler reported a 12% fall in first-half pre-tax profit amid challenging market conditions, as it said it continues to expect a reduction in trading margins. Interim pre-tax profit fell to £73m from £83m in the same period last year, altho

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27 Aug 2015 07:12

LONDON BRIEFING: CRH Leads Strong Open Following US And Asian Markets

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