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Shares remain buoyant, with oilfield services stocks in the spotlight amid some well-received news from the sector. Wood Group expects results this year to be slightly ahead of expectations. The Aberdeen-based firm saw continued progress at most of its key divisions. Its engineering unit secured a
Read moreLondon has made decent progress in early dealings with oil services groups lifting the mood. Wood Group expects results this year to be slightly ahead of expectations. The Aberdeen-based firm saw continued progress at most of its key divisions. Its Engineering unit secured a number of awards durin
Read moreLondon is expected to make decent progress in early dealings with futures pointing to gains of about 30 points for Footsie from its Friday close of 5,813. Oilfield services firm Wood Group expects results for the year to 31 December 2010 to be slightly ahead of expectations. The Aberdeen-based firm
Read moreOilfield services firm Wood Group is buying rival PSN for $955m (£607m) as it beefs up its global reach. PSN will be merged with Wood's production facilities business, creating Wood Group PSN. It will be run by PSN's chief executive Bob Keiller who'll also join the board. The firm was formed in Ma
Read moreFootsie limped into the blue heading into the weekend after a day in which foreign economic news was the main point of interest. Miners were the centre of attention after strong Chinese import figures demonstrated the Asian economic powerhouse's thirst for commodities. Imports jumped to 37.7% from
Read moreA mixed start on Wall Street has failed to lift Footsie out of its early sluggishness. Miners are going well though, after strong Chinese import figures demonstrated the Asian economic powerhouse's thirst for commodities. Imports jumped to 37.7% from 24.2%. Vedanta, Fresnillo and ENRC are among th
Read moreTraders will be looking ahead to the US open for guidance now on a sluggish day on the equity markets. The mining sector is a strong performer, after strong Chinese import figures demonstrated the Asian economic powerhouse's thirst for commodities, sending metals prices higher. Imports jumped to 37
Read moreIt's been a very quiet morning so far with little company news and even the eurozone front calming down a little. Standard Chartered is the worst performer with investors still a little unsettled by its admission yesterday that costs are rising faster than revenues. Rolls-Royce is another faller o
Read moreAs expected, it has been a quiet day for company news so far in London with traders looking to the US to provide a lead on market trends. Wall Street's late rally yesterday looks set to give a boost to London's blue-chips at the outset, with City traders expecting the FTSE 100 to open around 18 poin
Read moreOilfield services firm Wood Group has been awarded a five-year gas turbine Term Maintenance Agreement by Stadtwerke München (SWM). SWM, Germany's largest municipal company supplying gas and electricity to more than one million customers in the Munich area, has tasked Wood Group with the maintenanc
Read moreBlue chips climbed out of the red late afternoon as losses across the Atlantic narrowed, but a late sell-off took the leading index back into negative territory and a new two-month low. A better than expected read on US consumer confidence helped trim the deficit on Wall Street, although fears abou
Read moreThough the majority of its constituents are lower, the FTSE 100 index is little changed on the day. Financials remain unnerved by worries over the future of the eurozone but otherwise the picture remains mixed, as it has been for most of the day. In a mixed mining sector Vedanta heads lower after i
Read moreShares are still seeking direction having given up their early lead amid nervousness over the European debt situation. The US could provide a lead. Investors are gearing up for a report on US consumer sentiment at 3pm UK time and the S&P/Case-Shiller index of property values, due out an hour earlie
Read moreWood Group, the provider of support services to the oil and gas industry, has won an $875m engineering, procurement and construction (EPC) contract for Israel's largest private power plant. Dorad Energy is giving full turnkey responsibility to Wood Group for the combined-cycle plant, from design, p
Read moreWood Group, the oil and gas services company, would have looked pretty good even without yesterday's confirmation of a $152m (£95.4m) contract with GWF Energy to build and commission the conversion of a gas turbine plant in California to combined cycle. There is still headroom with the shares trad
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