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The FTSE 100 had erased gains by lunchtime after a strong start, as investors took caution ahead of the pivotal Budget Statement this afternoon by UK Chancellor George Osborne. Sentiment was still fragile after the Cypriot parliament last night voted to reject a €10bn bailout deal that included a t
Read moreThe decision by Cyprus to reject a 10bn-euro bailout deal that included a tax on bank accounts didn't take markets by surprise on Wednesday morning, as stocks started the day with moderate gains. Last night's vote - which saw a unanimous rejection of the proposal - was widely expected to fail given
Read moreMultinational oil and gas services company Wood Group has won 11 new contracts in Africa, together worth 240m dollars. The group said on Wednesday its units Wood Group PSN, Wood Group GTS and Wood Group Mustang have secured deals for projects in five African nations. Wood Group PSN, which speciali
Read moreThe Deputy Chairman of Intu (formerly Capital Shopping Centres), John Whittaker, has boosted his stake in the group by 60,000 shares two weeks after the company posted a stable set of full year results. Whittaker, who joined the board after selling the well-known Trafford Centre shopping mall to C
Read moreAfter a solid rise early on, the FTSE 100 had trimmed gains by the close of trade on Wednesday as investors took profits after stocks hit fresh multi-year highs the day before. Markets across Europe finished mixed this afternoon, slipping from the best levels of the day "as caution once again tempe
Read moreVodafone surged after Bloomberg last night reported that part-owner Verizon Communications is looking to resolve its relationship with the UK telecoms group. Richard Curr, the Head of Dealing at Prime Markets said this morning that if the stake is sold off, "it will provide the group with the fire
Read moreUK equity markets charged higher on Tuesday, driven by comments from the US Federal Reserve, Services data, and a raft of upbeat company reports. Janet Yellen, the Vice Chair of the Board of Governors of the Federal Reserve, said on Monday that she believed the Fed needs to continue with its month
Read moreThe top performing sector on Tuesday was Oil Equipment, Services & Distribution, driven by FTSE 100 international energy services company Wood Group, which posted a 20 per cent rise in revenue from continuing operations in its full year ended December 31st, boosted by growth in all three divisions.
Read moreBritish outsourcing group Serco was the strongest riser after revealing that full year revenue rose 5.7 per cent to 4.9bn pounds, underpinned by a strong performance in international markets. International energy services company Wood Group rose after it posted a 20% rise in revenue from continuin
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* EBITA for 2012 rises to $461 mln from $342 mln * Sees growth in all divisions in 2013 * Growth not seen on same trajectory as last two years -CEO * Oman 2012 loss $20 mln, at top end of guidance * Sees more shale opportunities * Shares rise 5 percent, Numis ups rat
Read moreLondon stocks have begun the day higher, boosted by the strong showing seen overnight on Wall Street - on the back of dovish comments from US Fed Vice-Chairman Janet Yellen - and ahead of potentially key data expected to be released today, in the United Kingdom. At 09:30 Markit will release its se
Read moreInternational energy services company Wood Group, posted a 20 per cent rise in revenue from continuing operations in its full year ended December 31st, boosted by growth in all three divisions. Revenue from continuing operations totalled $6,821.3m (2011: $5,666.8m), while earnings before interst,
Read more* FY EBITA $461 mln stg vs $342 mln yr ago * Sees growth in all divisions in 2013 * Oman 2012 loss $20 mln, at top end of guidance LONDON, March 5 (Reuters) - British energy services company John Wood Group posted a 35 percent jump in profits on Tuesday thanks to an increase in
Read more* EasyJet to follow Tui travel into Britain's top index * Wood Group to drop out as energy services sector struggles * LSE could replace Serco if it can hang on to 90th spot * Thomas Cook surges 130 percent into probable mid-cap berth By Alistair Smout LONDON, March
Read moreThe FTSE 100 was swinging between gains and losses for most of Monday's session with markets across Europe lacking direction on a quiet day. "Global markets are trading lower today which may be related to the significant strength within the markets within 2013," said market analyst Craig Erlam from
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