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The FTSE 100 was making meagre gains on Thursday morning as sentiment remained fragile following the sell-off the day before, with investors taking caution ahead of some key economic indicators. Global economic concerns sent London's top-tier index down 2.0% on Wednesday after the OECD slashed its
Read moreJPMorgan Cazenove has downgraded its rating for supermarket giant Tesco from 'overweight' to 'neutral' and slashed its target price from 425p to 390p, saying that sector fundamentals are weighing on the investment case. The broker said that the basis for its move was to be "more consistent with ou
Read moreShares in Wood Group were performing well on Thursday morning after Morgan Stanley upgraded its rating on the stock from 'equal weight' to 'overweight' despite taking a more cautious view on the wider oil services sector. The broker lowered its sector view on the whole to 'in-line', saying that it
Read moreWhile hopes have now faded for a long-term continuation of stimulus measures in the US, speculation surrounding continued monetary easing in Europe and Japan sparked a huge surge on equity markets on Tuesday. After reaching a 13-year high on Wednesday, the FTSE 100 dropped sharply in the latter par
Read moreUK markets were registering impressive gains on Tuesday morning with hopes of continued monetary easing in the Eurozone lifting sentiment as stocks bounced back following last week's sharp sell-off. After reaching a 13-year high on Wednesday, the FTSE 100 dropped sharply in the latter part of last
Read moreUK markets surged in early trading on Tuesday with traders wasting no time in playing catch up as they returned to their desks following the three-day weekend. After reaching a 13-year high on Wednesday, the FTSE 100 dropped sharply in the latter part of last week on fears of a scaling back of stim
Read moreFollowing last week's heavy losses, markets are expected to open with strong gains on Tuesday morning as traders in the UK and US return to their desks after a long weekend. City sources predict the FTSE 100 will open up over 60 points from Friday's close of 6,654. Senior Market Analyst Michael He
Read moreFTSE 100 energy services giant Wood Group has announced that its PSN business (WGPSN) will continue to provide duty holder and asset management services to the Hummingbird Spirit floating storage offloading production (FPSO) vessel, under a new contract extension from Teekay. Beginning April this
Read moreThe Chairman of Wood Group has traded in 2.1m pounds-worth of shares in the group. Allister Langlands sold, on behalf of his wife, 250,000 shares 846p each. The deal was announced on the same day the FTSE 100 energy services giant announced its PSN business has scored a contract to deliver oper
Read moreCity sources predict the FTSE 100 will open down 125 points from yesterday's close of 6,840, after US Federal Reserve Chairman Ben Bernanke delivered his highly-anticipated speech to Congress last night. He said tightening monetary policy or raising interest rates too soon would hinder recovery in
Read moreWood Group, the FTSE 100 energy services giant, has announced its PSN business has scored a contract to deliver operations and maintenance services to Hess Corporation's Baldpate production platform in the deepwater Gulf of Mexico, under a new five-year agreement. The company will also provide the
Read moreInsurance group Aviva, was leading the risers after it said it is delivering on its turnaround strategy. The company's pro-forma value of new business, a key measure of its growth, was up 18% in the first quarter at £191m from £162m the year before, driven by improved profitability in UK life insu
Read moreWood Group, the FTSE 100 energy services giant, has reported group progress in the year-to-date and said at its annual general meeting that it is confident of achieving full year performance in line with expectations. However, Wood Group GTS is currently behind plan, although this is anticipated to
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LONDON, May 15 (Reuters) - British energy services company John Wood Group said delays in its gas turbines division should subside by the end of the year, allowing the group to meet forecast core profit growth of 15 percent for 2013. The company, which designs, builds and maintains oil and
Read moreLONDON, May 15 (Reuters) - British energy services company John Wood Group said delays in its gas turbines division should recover by the end of the year to allow the group to meet forecast growth of 15 percent for 2013. The company, which designs, builds and maintains oil and gas facilitie
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