Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAMFW.L Share News (AMFW)

  • There is currently no data for AMFW

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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%
More News
19 Nov 2015 09:36

BROKER RATINGS SUMMARY: Merrill Lynch Downgrades Challenger Banks

Read more
12 Nov 2015 12:07

LONDON MARKET MIDDAY: Stocks Lower Ahead Of Fed Member Speeches

Read more
11 Nov 2015 09:32

BROKER RATINGS SUMMARY: JPMorgan And S&P Capital IQ Positive On ITV

Read more
9 Nov 2015 09:47

BROKER RATINGS SUMMARY: Exane BNP Cuts Severn Trent, Raises Pennon

Read more
6 Nov 2015 17:06

LONDON MARKET CLOSE: Shares Mixed After "Shockingly Strong" US Data

Read more
6 Nov 2015 13:47

FTSE 250 movers: Tullett Prebon and ICAP acquisition talks boost market

(ShareCast News) - The FTSE 250 is on track to finish the week on a high, with the market up 99.55 points (0.58%) mid-afternoon Friday to 17,216.68 points. Tullett Prebon and ICAP were the biggest risers on the back of confirmation that Tullett Prebon is in discussions regarding the possible acquisi

Read more
6 Nov 2015 12:11

LONDON MARKET MIDDAY: London And NY Flat Ahead Of US Job Report

Read more
6 Nov 2015 12:00

Citi, UBS downgrade Amec but SocGen keeps at 'buy' after share price slump

(ShareCast News) - Amec Foster Wheeler shares were under pressure again on Friday, having suffered heavy losses in the previous session when the oil and gas engineering services company said it was cutting its dividend by half amid tough market conditions. Citigroup downgraded the stock to 'neutral'

Read more
6 Nov 2015 11:43

Friday newspaper share tips: Sell as Amec Foster Wheeler faces more pain

(ShareCast News) - Traders should sell shares in Amec Foster Wheeler as the company prepares for the long haul, according to The Telegraph's Questor. The oil and gas engineering services company announced on Thursday it was cutting its dividend by half and lifting its cost-savings target from £120m

Read more
6 Nov 2015 11:14

Friday broker round-up

(ShareCast News) - Weir Group: Citigroup downgrades to neutral. Target price: 1200.00p Amec Foster Wheeler: UBS downgrades to neutral, cuts target price to 600.00p. Citigroup downgrades to neutral. JP Morgan Cazenove reiterates to overweight, reduces target price to 739.00p Rsa Insurance Group:

Read more
6 Nov 2015 10:45

WINNERS & LOSERS SUMMARY: ICAP Jumps As Tullett Prebon Confirms Talks

Read more
6 Nov 2015 09:52

BROKER RATINGS SUMMARY: Jefferies Cuts National Grid To Hold From Buy

Read more
6 Nov 2015 08:18

LONDON BRIEFING: IAG And AstraZeneca Spring Friday Surprises

Read more
5 Nov 2015 17:16

LONDON MARKET CLOSE: UK Interest Rate Hike Recedes Deeper Into 2016

Read more
5 Nov 2015 16:36

London close: Copper prices weigh on Footsie despite dovish MPC

(ShareCast News) - Equities ended near their worst levels of the day despite a dovish set of minutes from the Bank of England's last Monetary Policy Committee meeting, weighed down by a further drop in commodity prices. Following its meeting, the MPC said there were downside risks to growth

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.