focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPetrofac Share News (PFC)

  • This share is currently suspended. It was suspended at a price of 10.50

Share Price Information for Petrofac (PFC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 10.50
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 10.50
PFC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

British equities rise as travel stocks rally after China lifts travel curbs

Thu, 10th Aug 2023 17:30

China eased travel restrictions

*

Better than expected U.S. CPI data

*

Rio Tinto, banks stocks weigh on ex-dividend trading

*

FTSE 100 up 0.4% FTSE 250 adds 0.3%

Aug 10 (Reuters) - UK stocks closed at a one-week high on Thursday boosted by travel and luxury companies as China lifted pandemic-era curbs on foreign group tours, while a moderate increase in U.S. July inflation data boosted gains.

The FTSE 100 index added 0.4% while more domestically-focused FTSE 250 stocks rose 0.3%.

Travel and leisure shares rose 1.4% as China lifted bans on group tours for more countries, including Britain.

"This is huge for travel companies, which are in desperate need of a boost as they've been severely impeded for many years now. This is another step to return to normality," said Michael Baker, head of UK premium clients, at Capital.com.

Adding to the optimism, U.S. inflation increased moderately in July amid lower costs for goods, fuelling hopes the Federal Reserve could leave interest rates on hold next month.

The personal goods index was the session's biggest gainer, rising 2.9%, led by British luxury fashion brand Burberry Group after Bernstein increased price target on the stock.

Shares of Persimmon gained over 2.2% after the UK housebuilder said it expects annual profit to be in line with expectations.

Banks stocks Barclays, Natwest Group, HSBC Holdings were down between 0.6% and 1.2% as they traded ex-dividend.

Industrial metal miners fell 1.0%, with Rio Tinto's 3.3% drop weighing on the sector as the mining company's shares traded ex-dividend.

Among the companies reporting results, Deliveroo gained 3.5% as the food delivery firm lifted its earnings guidance for current financial year.

Savills dipped 10.7% after the real estate adviser "reduced" its annual expectations as it posted a 72% slump in half-year profit.

Petrofac slipped 4.5% after UK oilfield services provider reported a half-yearly loss.

Spirax-Sarco shares fell 2.3% after it reported first-half profit and revenue below expectations. (Reporting by Siddarth S, Shreyashi Sanyal, Rupali Chaudhary and Khushi Singh in Bengaluru; Editing by Savio D'Souza, Janane Venkatraman and Jane Merriman)

More News
7 Jul 2023 15:18

Norway wealth fund excludes Power Construction Corp of China

OSLO, July 6 (Reuters) - Norway's $1.4 trillion sovereign wealth fund has excluded Power Construction Corp of China from its portfolio and placed London-listed Petrofac under observation.

Read more
6 Jul 2023 21:47

Norway wealth fund excludes Power Construction Corp of China

OSLO, July 6 (Reuters) - Norway's $1.4 trillion sovereign wealth fund said on Thursday it has excluded Power Construction Corp of China Ltd from its portfolio.

Read more
4 Jul 2023 09:27

LONDON BROKER RATINGS: Dunelm, AstraZeneca and Persimmon cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
4 Jul 2023 07:53

LONDON BRIEFING: Sainsbury's sales up; Eurowag buys more of JITpay

(Alliance News) - Stocks in London are to open a touch lower on Tuesday, with little in the way of catalysts for global markets, given a lack of major data and a holiday in the US.

Read more
3 Jul 2023 10:14

SMALL-CAP WINNERS & LOSERS: Petrofac rises after Abu Dhabi order win

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Read more
3 Jul 2023 09:37

LONDON BROKER RATINGS: Stifel cuts Croda International to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
30 Jun 2023 17:36

London stocks gain on financial boost; post quarterly loss

UK economy grew 0.1% in Q1 - ONS final estimate

*

Read more
30 Jun 2023 16:55

LONDON MARKET CLOSE: Tech shines as investors cheer US inflation ease

(Alliance News) - Stock prices in Europe closed higher on Friday, while tech shares surged in New York, after a cooler US inflation reading offered hope that the end of the Federal Reserve's hiking cycle is closer.

Read more
30 Jun 2023 12:12

LONDON MARKET MIDDAY: FTSE 100 rising as tough quarter draws to close

(Alliance News) - Stock prices in London were on the up heading into Friday afternoon, managing a solid gain in the final morning of a tough quarter for equity markets.

Read more
30 Jun 2023 10:12

SMALL-CAP WINNERS & LOSERS: Petrofac gets USD700 million UAE contract

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Read more
30 Jun 2023 09:59

IN BRIEF: Petrofac wins USD700 million contract in Abu Dhabi

Petrofac Ltd - London-headquartered energy infrastructure company with core markets in Middle East and North Africa - Selected by Abu Dhabi National Oil Co subsidiary Adnoc Gas Processing for the engineering, procurement and construction of a new gas processor plant at Adnoc's Habshan complex, west of Abu Dhabi. Contract is valued at about USD700 million. New plant will comprise three gas compressor trains and support substantial increase in gas output from Habshan. Petrofac has had a presence in the UAE since 1991.

Read more
29 Jun 2023 09:00

LONDON BROKER RATINGS: Exane cuts Ashtead; Investec likes De La Rue

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
28 Jun 2023 09:06

LONDON BROKER RATINGS: Admiral on JPMorgan 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
27 Jun 2023 10:34

IN BRIEF: Trinity Exploration appoints Petrofac for "fresh look" study

Trinity Exploration & Production PLC - independent exploration and production company focused on Trinidad and Tobago - Says that it has appointed Petrofac Ltd to undertake a concept-screening study for the development of further reserves in its Galeota Block, offshore East Coast Trinidad. The Galeota Block contains resources of 46.1 million barrels of oil equivalent, and is the company's largest asset.

Read more
27 Jun 2023 10:06

Petrofac reports substantial increase in backlog

(Sharecast News) - Energy service provider Petrofac reported a substantial increase in its backlog in an update on Tuesday, as well as strong order intake and performance in line with expectations for its Asset Solutions and Integrated Energy Services (IES) divisions.

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.