The oil equipment, services and distribution sector was rising strongly today, helped by a soaring share price of engineer Kentz after a £1.2bn cash offer from Canadian rival SNC-Lavalin. Kentz, which provides engineering and construction services to clients in the energy and resources sectors, saw
Read moreMiner Petra Diamonds has recovered an "exceptional" 122.52-carat blue diamond at its Cullinan mine in South Africa. "The rarity of a blue diamond of this magnitude sets it apart as a truly significant find," the company said in a statement. RBC Capital upped its target price from 180p to 200p, ret
Read moreLONDON (Alliance News) - Enegi Oil PLC Thursday said that a non-binding memorandum of understanding is now in place setting out the terms of a deal under which Wood Group PSN will take a 50% stake in ABT Oil and Gas Ltd's engineering technology subsidiary, Marginal Field Development Co. Woo
Read moreLONDON (Alliance News) - UK shares have opened flat Thursday, following negative trading in the US and Asia overnight.
AstraZeneca is the third biggest gainer on the FTSE 100. The drugmaker said it has signed a global licence agreement with AIM-listed biotechnology
London-based interdealer broker Tullett Prebon jumped on speculation it could soon announce a successor to long-running Chief Executive Officer Terry Smith. According to reports, Smith, a well-known financial executive in the City, is thought to be planning to work full time at Fundsmith, the asset
Read moreLONDON, June 3 (Reuters) - British energy services company Wood Group said on Tuesday it had been awarded by BP a 36 million pounds ($60.3 million) subsea contract for the Shah Deniz II gas project in Azerbaijan. The new call-off contract for 2014 is part of the two companies' 2007 global
Read moreWood Group's offshore engineering, subsea and pipeline division, Wood Group Kenny (WGK), has won a £36m contract with BP in Azerbaijan. The contract covers engineering and project management services for stage two of BP's part-owned Shah Deniz subsea gas project, located in the South Caspian Sea.
Read moreLONDON (Alliance News) - UK shares have opened marginally lower Tuesday ahead of European data seen as having a possible influence on Thursday's European Central Bank meeting. Wolseley leads the FTSE 100 gainers after reporting a strong third quarter. It is up 2.3%. <
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