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Ongoing concerns over the Federal Reserve's impending withdrawal of quantitative easing are expected to weigh on markets again on Tuesday morning. With the economic data schedule looking pretty empty for the second day in a row, all eyes are expected to focus on the Fed ahead of the minutes of its
20 Aug 13 07:30Oil and gas services company Wood Group warned that weakening demand from operations in Canada and project delays will weigh on full year earnings growth, continuing into 2014. "Our business in Western Canada, which represents just over 5% of divisional revenue, has weakened further and we do not e
20 Aug 13 07:13(Adds details, analyst comment, share price fall) By Andrew Callus LONDON, Aug 20 (Reuters) - British energy services company John Wood Group Plc warned that a weakening Canadian business and project delays elsewhere would impact earnings growth for the rest of this year and into 2014
20 Aug 13 07:09LONDON, Aug 20 (Reuters) - British energy services company John Wood Group Plc produced first half core profit growth of 18.6 percent on Tuesday and said it would deliver a full year performance in line with expectations. Earnings before interest tax and amortisation was $243.2 million, up
20 Aug 13 06:15Two rejected takeover proposals for Kentz Corporation gave London's oil services sector a lift on Monday, with the FTSE 250 constituent rising by as much as a quarter in afternoon trade in the hope that this could signal the start of a bidding war. Kentz rocketed after saying that it has rebuffed a
19 Aug 13 15:59Upbeat data from home and abroad gave the FTSE 100 a lift on Tuesday, with precious metals group Fresnillo leading the heavyweight mining sector higher in London. Markets briefly dipped into negative territory in afternoon trade after US retail sales came in slightly below expectations, though a la
13 Aug 13 16:57Fresnillo's shares surged after UBS rated its stocks a 'buy', saying it was well placed to handle the volatility of gold and silver prices by keeping costs down and generating free cash flow. Wood Group rallied after Investec raised its target price to 900p from 800p, noting the company's strong p
13 Aug 13 13:00Wood Group PSN (WGPSN) has retained its contract with Dana Petroleum for integrated support services (ISC) in the North Sea for a period of two years with the option of a one-year extension. The contract is estimated to be worth up to $60m (£40m) per year. Under the agreement, WGPSN will continue
6 Aug 13 08:49British large and mid caps are set to increase their dividend payouts by an average of 7 percent in the third quarter compared to last year, with the rise capped as companies seek to retain cash for future growth opportunities, research by Markit shows. An improving macroeconomic picture sh
8 Jul 13 12:28The FTSE 100 was holding at a one-month high on Friday morning as investors awaited the US jobs report this afternoon which could spark a volatile reaction on stock markets worldwide. US futures were pointing to a strong start on Wall Street today, though volumes were on the light side as traders r
5 Jul 13 12:00Stocks were performing well on Friday morning, pushing the FTSE 100 to a one-month high ahead of the eagerly-anticipated US jobs report later on. London's benchmark index was building on its massive gains the day before, after jumping 3.1% on the back of dovish comments by the Bank of England and E
5 Jul 13 08:42The FTSE 100 issued decent gains on Thursday morning, taking advantage of expected low volumes on the back of the Independence Day holiday in the States, with all eyes on central banks in the UK and Europe in the absence of any major economic data today. As expected, the Bank of England (BoE) stood
4 Jul 13 11:28The FTSE 100 rebounded strongly on Thursday morning after a sell-off the day before, as traders took advantage of thin volumes with markets in the States shut for Independence Day. The Bank of England (BoE) and European Central Bank (ECB) policy decisions will be in focus today with little economic
4 Jul 13 08:25Markets are expected to open firmly higher on Thursday morning ahead of a busy day for investors, with central-bank policy decisions from the Bank of England and European Central Bank in focus. However, volumes are expected to be light with US markets closed for the Independence Day holiday and ris
4 Jul 13 07:50Wood Group has secured its sixth major North Sea contract extension this year. Its subsidiary Wood Group PSN (WGPSN) has won a three-year contract from Nexen Petroleum UK to deliver operations, maintenance and technical support services to the Scott and Buzzard platforms. The group will also prov
4 Jul 13 07:20
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