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FTSE 250 movers: Petrofac, Acacia Mining, Virgin Money

Fri, 22nd Jan 2016 14:24

(ShareCast News) - A second day of large gains saw West Texas Intermediate crude oil futures clock in with their biggest two-day advance since August 2015. According to Blacrock's chief, institutionals began wading into financial markets as far back as last Wednesday. Dovish remarks from the ECB's Mario Draghi further supported risk sentiment the next day and came alongside speculation from different corners that both the BoJ and the US Fed might soften their current policy biases. Overnight, the chairman of Saudi Aramco described the recent fall in oil quotes as "irrational". All of the above put a bid into the shares of oil field services firms such as Petrofac and lent a hand to the smaller oil explorers such as Ophir Energy or Tullow Oil. Amec Foster Wheeler was another notable beneficiary of the bounce in oil.Acacia Mining saw slight profit-taking as improved market sentiment took some of the lustre out of the price of gold. Shares of the Tanzania-focused gold miner had also risen sharply in the previous session after announcing that gold output had increased by 2% in 2015. The outfit also announced plans to raise guidance for this year following the ramp-up of the flagship Bulyanhulu mine.Shares in Virgin Money bounced back violently following the extremely poor start to the year. Some analysts believe the prospect of interest rates staying lower for longer this year is "singularly unhelpful" for the lender and will lead to a slightly softer pace of improvement in its net interest margins.FTSE 250 - RisersTullow Oil (TLW) 149.30p +15.56%Virgin Money Holdings (UK) (VM.) 309.70p +9.43%Renishaw (RSW) 1,746.00p +9.12%Ophir Energy (OPHR) 84.90p +7.40%Petrofac Ltd. (PFC) 747.00p +7.02%Amec Foster Wheeler (AMFW) 401.30p +6.81%Telecom Plus (TEP) 945.00p +6.48%Circassia Pharmaceuticals (CIR) 300.00p +6.38%Mitchells & Butlers (MAB) 287.50p +6.25%Spectris (SXS) 1,622.00p +6.08%FTSE 250 - FallersMoneysupermarket.com Group (MONY) 319.50p -2.32%Dignity (DTY) 2,227.00p -1.76%Ocado Group (OCDO) 277.00p -1.74%Jimmy Choo (CHOO) 123.50p -1.67%Go-Ahead Group (GOG) 2,441.00p -1.41%Ted Baker (TED) 2,611.00p -1.14%Poundland Group (PLND) 149.00p -1.00%Lancashire Holdings Limited (LRE) 600.50p -0.83%Nostrum Oil & Gas (NOG) 291.70p -0.78%Acacia Mining (ACA) 174.30p -0.74%
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10 Mar 2016 12:11

LONDON MARKET MIDDAY: Stocks On Hold As Draghi Takes Centre Stage

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10 Mar 2016 10:40

WINNERS & LOSERS SUMMARY: Aviva Profit And Solvency II Ratio Beat View

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10 Mar 2016 09:16

Amec swings to loss in 2015 but outlook welcomed

(ShareCast News) - Amec Foster Wheeler said it swung to a loss in 2015 but shares in the oil and gas engineer rose sharply as investors welcomed the company's debt line and outlook. The group posted a pre-tax loss of £235m compared with a profit of £155m in 2014 amid challenging conditions in the oi

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10 Mar 2016 07:54

Amec Foster Wheeler Slashes Dividend After Swinging To Loss In 2015

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4 Mar 2016 12:19

Amec Foster Wins Prime Contractor Position With US Air Force

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4 Mar 2016 12:03

Amec Foster Wheeler surges on US Air Force contract win

(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-Enginee

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3 Mar 2016 16:24

Earnings, Trading Statements Calendar - Week Ahead

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3 Mar 2016 10:41

Amec Foster secures £125m contract with BP

(ShareCast News) - Engineering services company Amec Foster Wheeler has secured a one-year engineering, procurement and construction contract with BP worth £125m. The contract is to build a new refrigeration plant that will maintain efficient operations across BP's Forties pipeline system. It cover

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3 Mar 2016 07:46

Amec Foster Wheeler Awarded GBP125 Million UK Contract From BP

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2 Mar 2016 10:40

WINNERS & LOSERS SUMMARY: Virgin Money Beats Market Expectations

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2 Mar 2016 08:33

Amec Foster Wheeler completes debt refinancing

(ShareCast News) - Amec Foster Wheeler has completed a £1.7bn refinancing of its main debt facilities. The engineering services company said the new facility with a syndicate of 20 banks includes a three year £650m term loan, a five-year £650m term loan and a five-year £400m revolving credit facilit

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2 Mar 2016 08:10

Amec Foster Wheeler Agrees Refinancing Of Debt Facilities

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24 Feb 2016 07:52

Velocys Launches Study On Converting Waste Into Premium Fuel

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23 Feb 2016 07:53

Amec Foster Wins Contract With US Army To Aid NATO Defence Mission

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23 Feb 2016 06:59

Amec Foster Wheeler wins US defence construction contract

(ShareCast News) - Amec Foster Wheeler has won a $183m contract from the US Army Corp of Engineers (ASACE) to help build at the Aegis missile site in Poland. The FTSE 250 company will provide USACE with launcher foundations, apron and crane pads, power plant facilities, warehouses and affiliated

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