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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
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Share Price: 10.50
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
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Low: 0.00
Prev. Close: 10.50
PFC Live PriceLast checked at -

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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)

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LONDON BROKER RATINGS: JPMorgan raises Auto Trader to 'neutral'

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

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4 Apr 2023 07:52

LONDON BRIEFING: Rathbone to merge with Investec's UK wealth arm

(Alliance News) - Stocks in London were called to open higher on Tuesday, after the Reserve Bank of Australia decided to pause interest rate hikes, while Rathbones and Investec agreed a combination to create a UK wealth manager with GBP100 billion in assets.

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30 Mar 2023 17:07

FTSE 100 hits two-week high as concerns about banking crisis ease

SSE gains after lifting annual outlook

*

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30 Mar 2023 17:00

LONDON MARKET CLOSE: Shares climb after another day of no bank frights

(Alliance News) - Stock prices in London closed higher on Thursday, as equities continued to rally on the belief that a banking crisis has been averted.

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30 Mar 2023 12:06

LONDON MARKET MIDDAY: Shares and pound up as market confidence builds

(Alliance News) - Equity markets continued to climb on Thursday at midday in London, with investors confident the threat of a banking crisis has been contained.

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30 Mar 2023 11:09

TOP NEWS: Petrofac and Hitachi win EUR13 billion wind farm contract

(Alliance News) - Petrofac Ltd and Hitachi Ltd have been awarded a wind farm contract by Dutch-German grid operator TenneT worth EUR13 billion, Petrofac said on Thursday.

Read more
30 Mar 2023 10:42

SMALL-CAP WINNERS & LOSERS: Petrofac rockets on deal; Moonpig flies

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

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30 Mar 2023 10:26

TenneT awards $25 bln in contracts to build North Sea-to-shore connections

AMSTERDAM, March 30 (Reuters) - Dutch state-owned electric grid company TenneT <IPO-TTH.AS> has awarded 11 contracts worth a combined 23 billion euros ($25 billion) to build systems connecting wind farms in the North Sea to shore, it said on Thursday.

Read more
30 Mar 2023 07:46

TenneT awards $25 bln in contracts to build North Sea-to-shore connections

AMSTERDAM, March 30 (Reuters) - Dutch state-owned electric grid company TenneT <IPO-TTH.AS> has awarded 11 contracts worth a collective 23 billion euros ($24.92 billion) to build systems connecting wind farms in the North Sea to shore, it said on Thursday.

Read more
30 Mar 2023 07:24

Petrofac, Hitachi Energy awarded €13bn agreement by TenneT

(Sharecast News) - Petrofac shares rocketed on Thursday after it said that it and Hitachi Energy had been awarded a €13bn framework agreement by Dutch-German electricity grid operator TenneT.

Read more
22 Mar 2023 17:10

North Sea Crude-Troll dips on cheaper cargo offered by Glencore

LONDON, March 22 (Reuters) - North Sea Troll crude differentials inched down on Wednesday, a day after reaching a 10-day high, on the back of cheaper cargo offered by Glencore, while no buyers or sellers of other grades emerged.

Petrofac-run         oil and gas sites have voted to
support a strike over pay, meaning 1,500 offshore workers across
British North Sea could be on strike within weeks.
* The BP Petrofac installations set to be hit by strike action include Andrew, Clair, Clair Ridge, ETAP, and the Glen
Lyon floating production, storage and offloading (FPSO)
facility.
operational staff at the oil major's French refineries and depots were on strike Wednesday morning, a spokesperson said.

Read more
22 Mar 2023 11:21

Unite says BP Petrofac workers to support North Sea strikes over pay

March 22 (Reuters) - UK's Unite the union on Wednesday said that its members at BP Petrofac sites have voted to support a strike over pay at oil and gas facilities in the North Sea.

Read more
22 Mar 2023 09:19

Unite says BP Petrofac workers vote to support strike action

March 22 (Reuters) - UK's Unite the union on Wednesday confirmed that its members at BP Petrofac sites have voted to support strike action.

Read more
6 Mar 2023 10:57

IOG sets out Blythe H2 well drilling timetable after recent spudding

(Alliance News) - IOG PLC on Monday said it successfully spudded it Blythe H2 well on Sunday, adding it expects to take around three months to drill, complete and hook-up the well.

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