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Amec Foster Wheeler surges on US Air Force contract win

Fri, 04th Mar 2016 12:03

(ShareCast News) - Shares in Amec Foster Wheeler surged on Friday after the oilfield services firm said it has secured a seven-year contract with the US Air Force.The FTSE 250 company said it has been awarded prime contractor position on the Air Force Civil Engineer Center (AFCEC) Architect-Engineering (A-E) 2013 environmental services contract.The new indefinite-delivery/indefinite-quantity contract is for the full range of A-E 2013 environmental services and covers the management and execution of design, and oversight primarily for environmental projects.Amec said the contract has an aggregate maximum value of $500m (£353m) for the eight awardees and is expected to reach completion by 2023.Simon Naylor, group president of Amec's Americas business said: "We are pleased to have been selected by AFCEC once again."As a trusted partner we continue to support them in the execution of their important environmental work, bringing together our global expertise to deliver services safely, efficiently and sustainably."At 1215 GMT, Amec shares were up 7.3% to 466p.
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27 Apr 2016 08:21

Amec FW appoints Halliburton man as new CEO, Q1 sales down

(ShareCast News) - Amec Foster Wheeler has appointed 20-year Halliburton veteran Dr Jon Lewis as its new chief executive, and reported a decline in first-quarter sales. In the three months to the end of March, the engineering group generated revenue of £1.3bn, which was down 1.5% against last year's

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27 Apr 2016 07:33

LONDON MARKET OPEN: Barclays Core Strength Boosts Shares

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27 Apr 2016 06:54

Amec Foster Wheeler Appoints New CEO, Reiterates Full Year Guidance

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26 Apr 2016 13:09

Tuesday broker round-up

(ShareCast News) - Premier Foods: Jefferies upgrades to buy with a 60p target. Aberdeen Asset Management: Citigroup downgrades to sell with a 265p target. Smiths Group: Jefferies keeps at buy with a target price of 1100p and Credit Suisse reiterates outperform with a target of 1275p. Close Brother

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26 Apr 2016 08:40

BROKER RATINGS SUMMARY: Citi Raises Standard Chartered, Cuts Aberdeen

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21 Apr 2016 11:18

LONDON MARKET MIDDAY: Ex-Dividends Offset Crude Rally Ahead Of ECB

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21 Apr 2016 07:41

LONDON MARKET OPEN: FTSE 100 Flat As Ex-Dividends Offset Oil Rally

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20 Apr 2016 15:17

AGM, EGM Calendar - Week Ahead

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13 Apr 2016 15:04

Earnings, Trading Statements Calendar - Week Ahead

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11 Apr 2016 16:20

Monday broker round-up

(ShareCast News) - Phoenix Group: JP Morgan downgrades to neutral with a target price of 942p. Fresnillo: RBC downgrades to underperform with a target price of 750. Jupiter Management: UBS reiterates neutral with a target price of 410p and Jefferies keeps at buy, 472p target. Petrofac: Nomura keep

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6 Apr 2016 11:37

Oil & Gas UK Appoints New Co-Chairmen, Including EnQuest Manager

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18 Mar 2016 09:36

BROKER RATINGS SUMMARY: Nomura Says Reduce StanChart And HSBC

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16 Mar 2016 14:38

2nd UPDATE: UK Govt To Scrap Oil Tax And Support Small Nuclear Plants

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15 Mar 2016 09:31

BROKER RATINGS SUMMARY: Macquarie And Morgan Stanley Downgrade Miners

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11 Mar 2016 09:34

BROKER RATINGS SUMMARY: Goldman Promotes Shell To Conviction Buy List

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