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AMFWTue, 15th Sep 2015 16:22
(ShareCast News) - Energy services group Amec Foster Wheeler has been awarded a contract by Berkeley Energia to help develop its uranium processing plant at its Salamanca Project in western Spain. The scope of work by Amec Foster Wheeler will include engineering and procurement services to determine
Read more(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 off
Read more(ShareCast News) - Paragon Group led to the upside on the back of a positive endorsement from broker Jefferies. Analyst Phil Dobbin said: "Paragon is evolving from a securitized non-bank lender to a more diversified retail funded banking group. We believe that the company has the ability to gain mar
Read more(ShareCast News) - Kingfisher: HSBC reiterates hold with a target price of 380p. Astrazeneca: Berenberg reiterates buy with a 55p target. Aggreko: Jefferies stays at hold with a 750p target. Easyjet: Barclays reiterates equal-weight rating with a 1000p target. Amec Foster Wheeler: UBS keeps at ne
Read more(ShareCast News) - The FTSE 250 index was on the up again on Tuesday, rising almost 0.5% to over 17,550 by mid-afternoon as oil-related stocks inflated on hopes of more oil price gains. Oil service companies Petrofac and Wood Group were among the top risers, with engineer Amec Foster Wheeler a
Read more(ShareCast News) - Macquarie upgraded Amec Foster Wheeler to 'neutral' from 'underperform' but cut the price target to 400p from 420p, with the stock now sufficiently de-rated after last month's disappointing trading update. "In our view, the time has come to close out underweight positions and we u
Read more(ShareCast News) - Numis on Tuesday lowered its recommendation on Centamin to 'hold' from 'add' and left its target price at 170p following the recent rally in the share price. Centamin on Monday said it expects 2016 gold production to be towards the upper end of its guidance of between 520,000 and
Read more(ShareCast News) - Amec Foster Wheeler was under the cosh on Tuesday as Barclays downgraded the stock to 'equalweight' from 'overweight' and cut the price target by 17% to 500p. Barclays pointed out that the group is currently undergoing a much deeper introspection than previously expected, in a mar
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(ShareCast News) - Amec Foster Wheeler reaffirmed its expectations for full-year trading even as it forecast further slowing in Oil&Gas and solar activity in 2017, while raising its forecast for year-end net debt, sending its shares crashing. The company also announced proposed investments and a red
Read more(ShareCast News) - Markets were already looking ahead to European oilfield services companies emerging fitter and leaner from the worst downturn in exploration and production in over a generation, analysts at Credit Suisse said. "Unlike 2009, this downturn has been sufficiently long to spur behaviou
Read more(ShareCast News) - Defensive issues took over from cyclicals, with beverage stocks climbing to the top of the leaderboard on the back of positive broker commentary. Analyst Charles Pick at Numis bumped up his recommendation on shares of AG Barr from 'hold' to 'add' ahead of the company's next set of
Read more(ShareCast News) - Amec Foster Wheeler said on Tuesday that Enterprise Products has filed a lawsuit in the Harris County Court, Texas alleging that it is responsible for cost overruns and delays on Enterprise's propane dehydrogenation (PDH) unit in Mont Belvieu. "The contract we signed with Enterpr
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